LONDON: The UK economy shrank surprisingly sharply in July as the health sector was impacted by further industrial action and retailers were knocked by wet weather, reported PA Media/dpa.Data from the Office for National Statistics (ONS) showed that gross domestic product (GDP) contracted by 0.5 per cent in July.Economists had forecast a 0.2 per cent decline for the month.It came after a 0.5 per cent monthly increase in June.ONS director of economic statistics Darren Morgan said: “Our initial estimate for July shows that GDP fell; however, the broader picture looks more positive, with the economy growing across the services, production, and construction sectors in the last three months.“In J
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