UK economy surpasses expectations to grow 0.5% in February
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In February, the British economy grew by 0.5 percent, beating analysts’ expectations and providing some positive news for Chancellor Rainel Rivs, as he insists on US President Donald Trump tariffs.
On Friday, the monthly GDP of the National Statistics Office has been 1.1% of the previous rate of economists responded by Reuters and the previous rate of 0.1% compression.
Liz Mckan, director of economic statistics, said:
He said that computer programming, telecommunications and car dealers have all have strong months, and in production, electronics and pharmacy manage the road. The production of cars also collected after its last bad performance.
Prediction of Trump Predicts ashamed announcement on April 2 that he will use import reduction tariffs in most countries of the world, including 10% charge for Great Britain. This step has sharply decreased in the world stock markets and caused decrease in both sides of the Atlantic.
On Wednesday, the US President announced a 90-day break for most of his “mutual” responsibilities, but the UK tariffs remain on the spot.
Given the growing risks of the British economy, investors now expect the English bank twice as low as the end of next year.
This is a developing story.