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Economy gets a boost but there is little to shout about

THERE we were, thinking the best bounce to have come out of the Olympics was the one that led to Andy Murray winning a gold medal in the tennis.

As shown in the Gross Domestic Product figures published yesterday, the UK economy grew by 1% in the last quarter, and 0.2% of this has been directly attributed to the Olympics effect. All that pizza scoffing and beer glugging, all those temporary staff, all that buying of bunting, bounced us officially out of recession.

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