Jane Foley
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GDP revision 'big disappointment to the market'

The UK economy shrank by 0.3% in the first three months of the year revised figures have shown.

Last month's initial estimate from the Office for National Statistics (ONS) showed a contraction of 0.2%.

The downward revision was due to a bigger contraction in construction output than previously estimated.

Jane Foley from Rabobank told the BBC the revision is a "big disappointment to the market".

  • 24 May 2012
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