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Others argued that the simple fact the economy grew is good news at a time when many European countries are sliding deeper into recession. About half of the nearby eurozone's 17 economies are in recession and even the largest, like Germany and France, are weakening. Nida Ali, economic advisor to the Ernst & Young ITEM Club, estimated that when factoring out the one-time boosts, Britain's underlying growth was 0.3 percent, "which is really encouraging, particularly in the difficult external environment." A breakdown of the ONS figures showed that the dominant services sector, which shrank by 0.1 percent in the second quarter, led the rebound with 1.3 percent growth. Production industries including manufacturing grew by 1 percent but construction activity fell 2.5 percent.
[Associated
Press;
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