UK economy avoids stagnation with surprise growth

Gross domestic product increased by 0.2% in the second quarter and by 0.5% in June

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The UK economy grew slightly in the three months to June, boosted by a recovery in car manufacturing and strong consumer spending. 

Gross domestic product (GDP) increased by 0.2% in the second quarter, according to the Office for National Statistics (ONS), beating economists’ forecasts for zero growth. In the first quarter, GDP ticked up by 0.1%.

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Pedro Gonçalves
Contributor

Pedro Gonçalves is a finance reporter with experience covering investment, banks, fintech and wealth management. He has previously worked for Yahoo Finance UK, Investment Week, and national news publications in Portugal.