UK's Starmer government's economy grows 0.1% in first quarter..."A bad guy".

2024.11.15. PM 9:23
Font size settings
Print
Economic growth was weaker than expected in the third quarter of this year, the first quarter of Britain's Labour government, Keir Starmer.

Britain's Office for National Statistics (ONS) said its GDP rose 0.1% in the third quarter from the previous quarter.

That's not even close to growth of 0.5% in the second quarter, but also below market expert expectations of 0.2% as surveyed by the central bank, the Bank of England (BOE) or Reuters.

Britain's economic growth was -0.1% and -0.3% in the third and fourth quarters of last year, before pulling out of a technical recession this year to 0.7% and 0.5% in the first and second quarters, respectively.

Starmer's government, which launched with growth as its top priority, launched its economic policy drive late last month with the announcement of the budget bill, but it has been hit by sluggish economic growth in its first quarter in power.



※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr


[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]