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UK economy failed to grow in third quarter of 2024

11 0
yesterday

Revised figures from the Office for National Statistics reduced previous estimates of 0.1% growth between July and September.

The UK economy flatlined in the third quarter of the year, according to revised official figures.

The Office for National Statistics said that UK gross domestic product (GDP) showed no growth between July and September, in the run up to the Autumn budget.

Statisticians, who had previously estimated 0.1% growth for the quarter, partly blamed the reduction on fresh survey data showing weaker trading across bars and restaurants.

The ONS also revised down its growth reading for the second quarter of 2024, to 0.4%. In September, it said it thought GDP had increased by 0.5%, which was itself a reduction on previous estimates.

The downbeat economic readings........

© Shropshire Star


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