UK economy returned to growth in August
Published On Oct 11, 2024, 2:08 AM
The UK economy showed signs of recovery in August, with a growth of 0.2% attributed to strong performance from manufacturers and retail businesses. This comes after two months of stagnant growth. However, officials emphasize that the overall economic situation indicates a trend of slowing growth, prompting the government to prepare for a budget presentation at the end of October.
Stock Forecasts
EWU
Positive
Given the slight recovery in the UK economy and positive indicators from the manufacturing and retail sectors, investment in UK-focused funds may be a good opportunity. However, caution is advised due to broader concerns about slowing growth.
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