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OUTPUT OF OECD NATIONS STABILISED IN Q2

The output of the world's largest economies stabilised in the second quarter of this year, although there were variations, with the UK proving weaker than its peers.

The latest analysis from the Organisation for Economic Co-operation and Development found gross domestic product growth in its seven largest members showed an average 0.1 per cent drop in the quarter to June 30.

This followed an average contraction of 2.5 per cent in the first quarter of this year.

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