Office for National Statistics data showed growth Economy 0.5 percent in the period from April to June.
Preliminary estimates by the Office of National Statistics for the second quarter showed GDP growth of 0.6 percent, the same rate expected by economists.
“GDP grew,” said Gaura Suri, economist at PricewaterhouseCoopers Britain In the second quarter of this year, at a pace slightly lower than initial estimates, but Britain’s economic expectations have improved significantly since the beginning of the year.”
“This is largely due to the return of inflation to the target level, the start of interest rate cuts, and political stability after the elections,” he added.
And rose Savings rate for British households To 10 percent in the second quarter of the year, up from 8.9 percent in the first three months, and per capita GDP rose for the second quarter in a row, albeit at a slower pace than the first quarter.
And he expected Bank of England (The Central Bank) expects growth to slow to 0.3 percent in the third quarter of this year, but it indicated that there are indications that the first cut in interest rates in August and expectations of further cuts in addition to a decline Inflation Growth may enhance later in the year.
The statistics office stated that the economy grew by 0.7 percent compared to the second quarter of last year, a slower rate than economists’ expectations of a rise of 0.9 percent.
(Prepared by Abdul Hamid Makkawi for the Arab Bulletin – Edited by Mahmoud Reda Murad)
