UK economic growth stalls in August, but improves 0.7% over the quarter

UK economic growth stalls in August, but improves 0.7% over the quarter
Long term growth continues to lag behind historical trend
The UK's economy was stagnant in August, the latest figures revealed this morning. Statistics from the Office for National Statistics (ONS) showed the economy flatlined during August, but grew 0.7% over the quarter. Zero growth in August followed a 0.4% rise in GDP (gross domestic product) in July, which was revised up from a previous estimate of 0.3%. Growth in June was also revised up, to 0.2% from 0.1%. The 0% forecast for August was contrary to expectations, which had predicted a 0.1% increase. On a rolling three mo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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