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UK Auctions System Analysis Report Q4 2010

The UK economy unexpectedly contracted by -0.5% in the fourth quarter of 2010, the first contradiction since Q3 2009. Growth was mainly hit by the severe weather conditions in December. On the positive side, record-low interest rates, a competitive pound, modest recovery in global trade and buoyant manufacturing sector are expected to underpin growth in H1 2011.

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