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UK Treasury chief says she's not satisfied by paltry third-quarter economic growth
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Chancellor of the Exchequer Rachel Reeves delivers her first Mansion House speech on financial services in the City of London, during the Financial and Professional Services Dinner, in the Egyptian Hall of Mansion House, Thursday, Nov. 14, 2024. - photo by Isabel Infantes/PA via AP
LONDON (AP) — Britain's Treasury chief Rachel Reeves said Friday that she is “not satisfied” by official figures showing the British economy's rebound from recession slowed down sharply in the third quarter of the year, with most sectors stagnating. The Office for National Statistics said growth during the July to September period was just 0.1%. That was lower than the 0.5% recorded in the previous three-month period and below market expectations for 0.2%.