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Home How is economic growth in the UK?
14 Jul 2022 By PAYCEC
After the economy contracted by 0.1 percent in March, the U.K.'s growth is slowing down, and economists anticipate further reductions this year. Despite the fact that the economy expanded by 0.8 percent overall in the first quarter, somewhat less than the consensus estimate of 1 percent growth, January was the only month that performed well.
The UK economy is anticipated to expand by 3.6 percent this year, according to the Organization for Economic Co-operation and Development . The G7 group of industrialized countries, it indicates that the UK's economy will move from having the second-fastest growth to having the slowest growth by 2023.
Disclaimer: The above information is from our research and opinion, you should read it for reference, and do not take it as an official source.
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