Data showing the performance of the British economy in the second quarter

Data from the British Statistics Office showed that the gross domestic product of the United Kingdom in the second quarter of 2022, according to preliminary estimates, grew by 2.9% year on year.

However, the data showed that the UK economy declined by 0.6% on a quarterly basis.

The data came out against the expectations of analysts polled by the DailyFx portal, who had expected the British economy to grow by 2.8% year on year, and decline by 0.2% quarterly.

Source: Prime

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