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The National Institute of Economic and Social Research (NIESR) released its estimate of gross domestic product (GDP) for the U.K. on Wednesday. The GDP estimate rose by 0.5% in three months to September, after a 0.6% growth in three months to August.
"This slight softening in the third quarter is expected to be temporary. It is consistent with our latest forecast for the year as a whole," the NIESR said.
The NIESR expects the U.K. economy to expand 2.5% in 2015 and 2.4% in 2016, according to its August forecasts.
The think tank expects the Bank of England to raise its interest rate in the first half of 2016.
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