The UK escaped an economy recession

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The UK has escaped a recession despite seeing the biggest year-on-year slowdown in nearly a decade.

The Office for National Statistics (ONS) said the 0.3% growth for the latest quarter signaled the economy "slowing" as UK GDP had grown at 1% since the same period in 2018.

This represents the weakest annual rate since 2010.

However, the expansion meant the UK avoided a recession, defined by two successive quarters of economic decline.

It shrank by 0.2% in three months to June 2019, as businesses dealt with the fallout of stockpiling after Brexit was delayed from its first deadline in March.

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