UK economy failed to grow between July and September
Published On Dec 23, 2024, 2:02 AM
The UK economy did not grow between July and September, with recent revisions indicating it actually shrank in September. This stagnation is attributed to uncertainty surrounding the government's budget, which has led to a lack of confidence among consumers, businesses, and investors, according to the Bank of England's chief economist.
Stock Forecasts
EWU
Negative
The ongoing economic stagnation might lead to decreased consumer spending and business investments in the UK, putting pressure on UK-based companies and their stock performances.
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