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UK economy sees meager growth of 0.1% in August, in line with expectations
GDP rose 0.1% in August after July's contraction, with three-month growth at 0.3%, as the government prepares for the November Budget amid fiscal pressures, officials said.
- The UK economy slightly grew by 0.1% in August, according to the Office for National Statistics.
- The economy expanded by 1.3% compared to August last year, based on official data.
- The three-month rate of growth up to August was reported at 0.3%, as stated by the ONS.
- Economists noted signs of economic slowing despite the growth figures aligning with forecasts.
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UK economy grows 0.1% in August after July slump
Britain's economy saw a modest 0.1% growth in August, recovering from a slight dip in July. This follows the Bank of England's upward revision of its third-quarter growth forecast to 0.4%. Policymakers are navigating an economy with persistent inflation and sluggish growth, as evidenced by a softening jobs market and slowing wage growth.
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Total News Sources31
Leaning Left3Leaning Right2Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 25%
C 58%
R 17%
Factuality
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