Update: UK economy defies forecasts with surprise 0.4% growth in July
A report from The Guardian — World sets out the main available details, with claims kept attributed to their sources.
The Guardian — World has covered a development concerning “Update: UK economy defies forecasts with surprise 0.4% growth in July,” with the available account limited to the facts included in the supplied text.
Welcome boost for chancellor with unexpected rise put down to rapid growth of AI in services sector outweighing Iran war fallout The UK economy grew in July as the rapid growth of AI appeared to outweigh the economic damage from the Iran war, in a welcome boost for the John Healey ahead of next month’s budget. The report also notes that Figures from the Office for National Statistics (ONS) indicated a surprise 0.4% increase in gross domestic product (GDP), compared with 0.3% growth in June. City economists had forecast zero growth.
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- UK economy defies forecasts with surprise 0.4% growth in July — The Guardian — World
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