Economic Growth Revised Down In Hit to Starmer mdi-fullscreen

New quarterly National Accounts figures from the Office for National Statistics won’t make happy reading for Reeves and Starmer. Signs that the economy’s recovery is grinding to a halt keep popping up…

GDP growth in the second quarter of 2024 has now been revised down to 0.5% from 0.6%, against economists’ expectations. Economic output flatlined for the third time in four months as consumer confidence dives ahead of Reeves’ tax-raising October Budget. Meanwhile GDP growth for the whole of 2023 is revised up from 0.1% to 0.3%. This revision is another spanner in the works for Starmer’s stated mission of getting growth to 2.5%. At least it isn’t falling as fast as his popularity…

mdi-tag-outline Data Guido GDP GDP Growth guido data Office for National Statistics
mdi-account-multiple-outline Keir Starmer
mdi-timer September 30 2024 @ 09:24 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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