Business, Commodities, Stock markets, Currencies, Economic growth (GDP), Economics Business | The Guardian
Economy showed no growth for second month running but grew by 0.5% in three months to July; UK government to outline £500m rescue deal for Port Talbot steelworks with 2,500 job cutsLuke Bartholomew, deputy chief economist at abrdn, said:The economy performed a little softer than expected in July, with GDP flatlining. Industrial production and manufacturing were also weak, rounding off a set of weak UK data.As ever, though, monthly activity numbers are very volatile month to month, often reflecting more noise than signal. The broader trend remains solid, although it is likely that the underlying pace of growth will slow somewhat over the second half of the year.I am under no illusion about the scale of the challenge we face and I will be honest with the British people that change will not happen overnight.Two quarters of positive economic growth does not make up for fourteen years of stagnation. That is why we are taking the long-term decisions now to fix the foundations of our economy. Continue reading…
Economy showed no growth for second month running but grew by 0.5% in three months to July; UK government to outline £500m rescue deal for Port Talbot steelworks with 2,500 job cuts
Luke Bartholomew, deputy chief economist at abrdn, said:
The economy performed a little softer than expected in July, with GDP flatlining. Industrial production and manufacturing were also weak, rounding off a set of weak UK data.
As ever, though, monthly activity numbers are very volatile month to month, often reflecting more noise than signal. The broader trend remains solid, although it is likely that the underlying pace of growth will slow somewhat over the second half of the year.
I am under no illusion about the scale of the challenge we face and I will be honest with the British people that change will not happen overnight.
Two quarters of positive economic growth does not make up for fourteen years of stagnation. That is why we are taking the long-term decisions now to fix the foundations of our economy.
