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U.K. 4Q GDP Grows 0.7% to Cap Best Year Since 2007

The U.K. economy expanded 0.7 percent in the fourth quarter, ending the best year since 2007 amid growth in every industry except construction.

The increase in gross domestic product followed a 0.8 percent gain in the third quarter, the Office for National Statistics said today in London. It was in line with the median forecast in a Bloomberg News survey of 39 economists. Business services and finance contributed more than half of the gain.