Reported about 2 months ago
The UK economy experienced significant growth in the first half of 2024, characterized by falling inflation and increasing employment, marking a 'Goldilocks moment' for the country. However, forecasts indicate that this pace may not be sustainable, with expectations of a slowdown in the third quarter. Although key economic indicators suggest a healthy recovery, concerns remain about the fragility of this growth and the potential for overheating, prompting cautious approaches from the Bank of England regarding interest rate adjustments.
Source: YAHOO