UK economy grows at fastest pace in 18 months
Britains economy expanded at its fastest annual pace in 18 months in July, driven by a boost from artificial intelligence and robust services activity. The stronger than expected data offers relief to the new finance minister ahead of his upcoming budget.
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United Kingdom's economy expanded 1.6% in July from a year earlier, driven by computer programming and artificial intelligence demand. The growth pace marked the fastest annual expansion since February 2025, beating economists' 1.2% forecasts. The stronger-than-expected output offers breathing room for policymakers despite ongoing economic pressures from the conflict involving the United States and Iran over Israel's regional security.
