UK economic growth slows but beats forecasts
5d ago
Business
BBC Business

The UK economy experienced a slowdown in growth during the second quarter of 2024, expanding by 0.3% between April and June. While this indicates a deceleration compared to previous periods, the figure surpassed economists' initial forecasts. This unexpected resilience suggests underlying strength in certain sectors of the economy, although concerns remain about the overall economic outlook given persistent inflationary pressures and global uncertainties. The data will likely be scrutinized by the Bank of England as it considers future monetary policy decisions.