UK Economy Defies Expectations with Strong Second Quarter Growth
TL;DR Summary
The UK economy exceeded expectations with 0.2% growth in the second quarter, driven by household consumption, according to the Office for National Statistics. Economists had predicted a flatline in GDP growth due to tightening monetary policy and inflation. Manufacturing and production saw significant growth, while services grew modestly. Household and government consumption also contributed to the expansion, despite facing price pressures.
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