UK economy grows slightly in revised GDP estimate

LONDON (AP) — Revised figures show the U.K. economy grew slightly in the second quarter of this year, indicating the country isn’t currently in a recession. The Office for National Statistics said Friday that gross domestic product increased by 0.2% in the three months through June, compared with the agency’s previous estimate that the economy shrank by 0.1% in the period. The new estimate means the British economy isn’t technically in a recession, which is traditionally defined by two consecutive quarters of shrinking GDP. The Bank of England said last week that it expected GDP to fall by 0.1% in the three months through September.