Reported about 2 months ago
The UK economy is recovering steadily from last year's recession, with GDP rising by 0.6% in Q2 after a 0.7% increase in Q1, supported by growth in government spending and the services sector. As inflation eases, Prime Minister Keir Starmer aims to boost growth and improve public finances while facing challenges such as a contraction in the services sector in June and lower than expected consumer spending. Despite these challenges, there are optimistic indicators for continued growth in the second half of 2024.
Source: YAHOO