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Britain's economy flatlined in the third quarter, revised figures show - TL;DR CNBC

Britain's economy flatlined in the third quarter, revised figures show

Publishing timestamp: 2024-12-23 04:17:17


Summary

U.K.'s GDP did not grow in the third quarter of 2024, causing the British pound to trade lower. The economy is facing challenges due to weak data prints and concerns about the Labour government's fiscal strategy. Inflation is rising, and there is uncertainty about future interest rate changes by the Bank of England. The government's budget plans, including tax hikes, have received criticism.


Sentiment: MIXED

Tickers: GBP=

Keywords: united kingdompricesgbp/usdinflationbusiness newseconomic events

Source: https://www.cnbc.com/2024/12/23/britains-economy-saw-zero-growth-in-the-third-quarter.html


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