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UK economic indicators defy Brexit fears

Britain appears to be bouncing back from the post-Brexit panic in better shape than expected, after a string of indicators showed growth across the manufacturing sector, the building industry and in consumer spending.

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Abenomics needs more reforms to be effective: IMF

Japan needs to stick to a consistent policy and its central bank must be more effective in communicating its policy if it is to defeat the country's deflationary conditions, the International Monetary Fund said in a paper released on Monday.