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UK economy stronger than BoE thought in August, likely to slow-Bailey

LONDON, Sept 29 (Reuters) - Britain’s economy has performed a bit more strongly than the Bank of England thought as recently as last month but there are signs that the recovery will not be as strong going forward, BoE Governor Andrew Bailey said on Tuesday.

Economic activity was probably about 7-10% weaker than before the coronavirus pandemic in the July-September period, Bailey said in a speech online to Queen’s University Belfast.

Reporting by David Milliken Writing by William Schomberg, editing by William James

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