Published On Dec 13, 2024, 2:08 AM
The UK economy has experienced a contraction for the second consecutive month in October, with a reported decline of 0.1%. The expected rebound in economic activity did not materialize, impacting sectors such as pubs, restaurants, and retail which are showing signs of weakness. The Chancellor described the results as disappointing but noted that there are policies in place aimed at achieving long-term growth.
Negative
The ongoing decline in the UK economy and specific struggling sectors could pose risks to investments related to consumer discretionary spending, including retail and hospitality. Investors may want to consider defensive sectors or stocks that are less sensitive to economic downturns.
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