The UK economy registered a stronger than estimated recovery in the first half of the year despite high inflation and tighter monetary policy.
Gross domestic product registered a sequential growth of 0.2 percent in the second quarter, which was unchanged from the first estimate, the Office for National Statistics reported Friday. This followed an upwardly revised growth of 0.3 percent in the first quarter.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.