UK GDP Slows to 0.3% in Q2 – A Deceleration That Stirred the Crowd
In a nutshell, Britain’s economic engines are running a touch slower. GDP growth ticked down from a breezy 0.7% in the first quarter to a modest 0.3% in the second.
Why the Drop?
Here’s the low‑down on the key factors that stuck the economy’s momentum:
- Business Investment – Companies have been tightening their belts. Rising costs and a sea‑of-uncertainty in the spring made investors more cautious, dragging the growth rate.
- Household Spending – Even everyday folks are feeling the pinch. Consumer confidence dipped, and, to add insult to injury, tourism spending took a hefty hit this quarter.
What’s Next?
Economic think‑tank Cebr maintains the outlook: the UK economy is set to keep moving at a similar, moderate pace for the rest of the year. So, no sudden surge or crash on the horizon.
Keep an eye on the numbers – the markets are ever‑soldierish, and the economy never truly stops surprising us.
