ALBAWABA – Data released by the United Kingdom’s (UK) Office for National Statistics showed the UK economy shrinking at the fastest pace in seven months in July, news agencies reported Wednesday. Britain’s gross domestic product shrank by 0.5 percent in July from June, marking a worse-than-expected contraction, according to Reuters, whose economists predicted a 0.2 percent shrinkage from June. "Our initial estimate for July shows that GDP fell; however, the ...