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UK Economy Faces Contraction
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UK economy contracts by 0.1% in Q3, fueling speculation of a potential recession. Finance minister suggests a possible interest rate reduction if inflation continues to decline.
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How does this contraction reflect broader global economic trends and challenges?
How might a potential recession impact the UK's economy and global financial markets?
What measures could the government and central bank take to mitigate the effects of the economic contraction?
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