UK second quarter GDP growth revised up to 0.5 percent
Britain expanded faster than previously estimated in the second quarter. The updated figures cement its position as the fastest-growing G7 economy ahead of the upcoming budget.
Insights:
United Kingdom's economy expanded 0.5% in the second quarter, outpacing initial estimates and cementing its G7 growth lead. The upward revision follows resilient consumer confidence ahead of an upcoming budget. The stronger performance eases near-term recession fears, though upcoming fiscal tightening poses fresh headwinds.
