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UK growth stalls in June after strong first half of the year
The first six months of data is in and the result is clear: the UK economy has had a much better start to 2024 than pretty much anyone had expected. Admittedly, the economy flatlined if you look at June specifically. But overall second quarter growth of 0.6%, hot on the heels of 0.7% in the first quarter, marks a remarkable rebound from a very minor technical recession in the second half of last year. The most obvious explanation is the improvement in real wages the UK economy is experiencing. The impact of lower natural gas prices, coupled with much more modest increases in food prices, comes at a time when nominal ... (full story)
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- Posted: Aug 15, 2024 3:40pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,856
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