UK economy expands as forecast in Q2

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LONDON: Britain's economy grew 0.6% in the second quarter of 2024, in line with economists' expectations and building on a rapid 0.7% recovery in the first quarter of the year after a shallow recession in the second half of 2023, official figures showed.

Britain's economy has grown slowly since the COVID-19 pandemic, expanding just 2.3% between the fourth quarter of 2019 and the second quarter of 2024.

In June alone, Britain's level of gross domestic product was unchanged, also in line with economists' forecasts in a Reuters poll, and compared with a year earlier it was 0.7% higher, the Office for National Statistics said on Thursday.

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Category: EconomyBusiness

Markets: MalaysiaGermanyUkraine

Topics: UK /Business/Business News Economy GDP Bank of England

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 15:09:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 522 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22084515

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 41 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 29 minutes ago

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