ONS data shows strong performance in second quarter with service sector helping drive growthBusiness live – rolling coverageDoes GDP data bode well for Reeves? Don’t count on itBritain’s economy has extended its recovery from recession after recording growth of 0.6% in the three months to June, handing a boost to the chancellor, Rachel Reeves, in the run-up to the autumn budget.Figures from the Office for National Statistics (ONS) show gross domestic product continued to grow in the second quarter, after a rise of 0.7% in the first three months of 2024. The reading matched the forecasts of City economists. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/aug/15/uk-economy-continues-recovery-from-recession-with-gdp-growth-of-06
Author : Richard Partington Economics correspondent
Publish date : 2024-08-15 12:33:26
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