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UK GDP Growth Slows to 0.1% as Economic Challenges Persist

2 hours ago

UK GDP Growth Slows to 0.1% as Economic Challenges Persist
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7 Highlights

  • UK GDP grew 0.1% from July to September, missing the 0.2% forecast.
  • September GDP contracted 0.1% due to manufacturing declines.
    • Factory output and IT services saw significant downturns.
    • Chancellor Reeves expresses concern over the weak GDP figures.
    • ONS links slowdown to government's budget warnings.
    • Two BoE rate cuts offer hope despite inflation's rise.
    • GDP impacts inflation, lending, and economic stability.
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