Britain’s output revised upwards

British gross domestic product (GDP) contracted less than estimated in the second quarter, although concerns remain over the speed of a recovery.

Official figures from the Office for National Statistics show GDP fell 0.6% over the quarter compared with a previous estimate of 0.7%.

The revised figure still compares poorly against other major economies with countries such as Germany, France and Japan pulling out of their respective recessions in the second quarter.

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