UK Economy Shows Signs of Recovery as Services Sector Grows on Nostr: EIU Revises Global GDP Growth Forecast for 2024 to 2.5% =============== #d3f8ffd3 ...
EIU Revises Global GDP Growth Forecast for 2024 to 2.5%
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#d3f8ffd3 ver:0.46
The UK economy shows signs of recovery with GDP growth of 0.6% in Q1 2024, exceeding expectations. However, the total output is still lagging behind the euro area and the US. The Bank of England predicts faster export growth and lower inflation, leading to expectations of a cut in interest rates. The UK has become the world's fourth-largest exporter, but the net value of domestic output as a percentage of GDP has been declining. Inflation in the UK is lower than in the US and the eurozone, but prices are still higher than a year ago. The UK economy is growing faster than other major countries, but its long-term growth and recovery from the pandemic are slower. The EIU revises global GDP growth forecast for 2024 to 2.5%. #UKeconomy #GDPgrowth #exports #inflation #globalgrowth...
#newstr #Eiu #GdpGrowth #EconomicForecast #MonetaryPolicy #GeopoliticalTensions
https://here.news/story/d3f8ffd3?ver=0.46
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#d3f8ffd3 ver:0.46
The UK economy shows signs of recovery with GDP growth of 0.6% in Q1 2024, exceeding expectations. However, the total output is still lagging behind the euro area and the US. The Bank of England predicts faster export growth and lower inflation, leading to expectations of a cut in interest rates. The UK has become the world's fourth-largest exporter, but the net value of domestic output as a percentage of GDP has been declining. Inflation in the UK is lower than in the US and the eurozone, but prices are still higher than a year ago. The UK economy is growing faster than other major countries, but its long-term growth and recovery from the pandemic are slower. The EIU revises global GDP growth forecast for 2024 to 2.5%. #UKeconomy #GDPgrowth #exports #inflation #globalgrowth...
#newstr #Eiu #GdpGrowth #EconomicForecast #MonetaryPolicy #GeopoliticalTensions
https://here.news/story/d3f8ffd3?ver=0.46