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UK economy avoids recession

The UK economy has avoided falling back into a recession after recording growth in the first three months of 2013.

The Office for National Statistics estimates for gross domestic product (GDP) show the economy grew 0.3% during the first quarter of 2013.

Economists say the news should give a small psychological boost to consumers and businesses, but the broader picture of the economy remains the same.

Farrell Financial Planning are a Glasgow based firm of independent financial advisers (IFAs) and do not make any economic predictions. Farrell Financial Planning give whole of market independent financial advice to individuals and businesses.

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