George Brown

UK Economy Grows 0.5% in February Despite IMF Growth Downgrade

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Military operations in Iran render February data stale

The U.K. Economy expanded by 0.5% in February, according to preliminary data from the Office for National Statistics released Thursday. This growth significantly outperformed Reuters economist polls, which had projected a modest 0.1% monthly increase. Construction led the rebound with a 1% increase, while both production and services sectors grew by 0.5%. This follows a … Read more

UK GDP expands 0.5% in February, beating expectations

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Services and construction drove a surprise 0.5% jump in February

UK GDP expanded by 0.5% in February, far exceeding the 0.1% growth economists expected, though the gain arrives just as a new war in the Middle East threatens to erase it. The surge suggests the economy was gaining momentum before military operations began on February 28, creating a stark contrast between the official data and … Read more