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U.K. economy flat in second quarter
By:Haligonian
Date: Friday, 22 August 2008, 10:31 am

U.K. economy flat in second quarter (by William L. Watts)

LONDON (MarketWatch) -- The British economy saw a flat performance in the second quarter, posting 0% growth compared to the first three months of the year, the Office for National Statistics said Friday. The agency had initially estimated second-quarter growth at 0.2%. The ONS said the economy grew at an annual pace of 1.4% in the quarter, down from its initial estimate of 1.6%.