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Boost for UK economy as growth estimate up

Predictions for growth in the UK economy have been revised upwards to 2.3 per cent from 2.1 per cent following the release of figures from the Office for National Statistics.

Gross domestic product grew by 0.4 per cent in the second quarter of 2001, beating expectations of growth of 0.3 per cent.

The news will boost hopes that the underlying strength of the UK economy will counter the effects of the US attacks in avoiding recession.

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