UK Economy Shows Signs of Recovery as Services Sector Grows on Nostr: Industry Professionals React to Latest UK GDP Figures, Highlighting Rebound in ...
Industry Professionals React to Latest UK GDP Figures, Highlighting Rebound in Economy
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#d3f8ffd3 ver:0.34
UK GDP grew by 0.6% in Q1 2024, signaling a rebound in the economy. Service industries and car manufacturing drove the growth, while the construction sector declined. The positive growth is a boost for Prime Minister Rishi Sunak, but the economy is still 8.7% smaller than pre-pandemic levels. Industry professionals highlight the need for productivity gains and caution that the recovery may be slow. The Bank of England kept interest rates high but hinted at a possible cut. Ongoing challenges and balanced recovery are crucial. #UKeconomy #GDP #recovery...
#newstr #UkGdp #Economy #FinancialServices #InterestRates
https://here.news/story/d3f8ffd3?ver=0.34
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#d3f8ffd3 ver:0.34
UK GDP grew by 0.6% in Q1 2024, signaling a rebound in the economy. Service industries and car manufacturing drove the growth, while the construction sector declined. The positive growth is a boost for Prime Minister Rishi Sunak, but the economy is still 8.7% smaller than pre-pandemic levels. Industry professionals highlight the need for productivity gains and caution that the recovery may be slow. The Bank of England kept interest rates high but hinted at a possible cut. Ongoing challenges and balanced recovery are crucial. #UKeconomy #GDP #recovery...
#newstr #UkGdp #Economy #FinancialServices #InterestRates
https://here.news/story/d3f8ffd3?ver=0.34