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UK Economy Shows Signs of Recovery as Services Sector Grows /
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2024-05-10 15:00:59

UK Economy Shows Signs of Recovery as Services Sector Grows on Nostr: UK Economy Emerges from Recession with Strong Growth in Q1 2024 =============== ...

UK Economy Emerges from Recession with Strong Growth in Q1 2024
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#d3f8ffd3 ver:0.35

The UK economy emerges from recession with strong Q1 2024 growth of 0.6%, exceeding expectations. Services and car manufacturing drive the growth, but construction sector falls. The positive news benefits Prime Minister ahead of election, but critics highlight mortgage bills and families worse off. UK economy still 8.7% smaller than pre-pandemic level. Bank of England hints at interest rate cut as inflation cools. Financial experts caution slow recovery and call for productivity gains. Ongoing challenges and balanced recovery must be monitored. #UKeconomy #economicgrowth #recessionrecovery...

#newstr #UkEconomy #Recession #GdpGrowth #ServiceIndustries #CarManufacturing #BankOfEngland #InterestRates #Inflation #Election

https://here.news/story/d3f8ffd3?ver=0.35
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