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Things look terrible for Britain's Brexit economy — but it might not be as bad as we think

On Friday, new data from the Office for National Statistics showed UK GDP growth slowing to just 0.3% in the first quarter of 2017.

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LONDON — On Friday, new data from the Office for National Statistics showed UK GDP growth slowing to just 0.3% in the first quarter of 2017.

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After close to 10 months of shockingly strong growth, the numbers confirmed what economists have been predicting for a long time — that Brexit will have a materially negative impact on the British economy.

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