UK economy stalls in July, as slowdown sets in
On June 13, 2022, London, in the heart of the city of London in London, a wall of a road towards a wall outside the royal exchange bends.
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The UK economy, according to the latest data from the UK National Statistics Office on Friday, recorded zero growth in July.
Economists who participated in the survey by Reuters expected the country’s gross domestic product (GDP) to be straight after the expansion of 0.4% in June.
The economy comes after a better growth in the second quarter than expected, but this fell from a 0.7% buffer growth in the first quarter.
Economists are now waiting for England to seize England in the second half of 2025.
“After a surprising second quarter, which claims the fastest growth rate among the G7 economies of the UK economist Sanjay Raja, Deutsche Bank’s economist, after a surprising second quarter, all signs indicate slowing down in economic activity in the second half of the year.”
“We think that trade, stocking, net purchases of precious metals and a course correction in public sector expenditures will see slowly in the second half of the GDP growth in the UK GDP.”
Headache for England Bank
As it weighs adhesive inflation, it will add an economic slowdown to the current dilemma of the Bank of the UK ((The chancellor Rachel Reeves will announce its 2026 financial plans and rise warmer in July with the autumn budget of November 26th.
“Inflation flexibility makes it difficult for the central banks to be cut further,” HSBC senior European economist Fabio Bobboni said last week to CNBC. He said.
“At that time, you have financial concerns that are still very large financial deficits that started in England, for example, for example, for example, the government makes a very difficult decision in the autumn budget.”
In the meantime, the Bank of England is expected to meet on September 18, but it is expected to keep the rates constant after being cut in August.
Later, the Bank’s nine-member Monetary Policy Committee voted by 5-4 majority to reduce the “bank ratio” 25 basis points, saying that it has adopted a “gradual and careful” approach to monetary expansion.
The Central Bank’s November 6 meeting, especially in front of the budget, is now in the spotlight of the spot.
On Thursday, Global Macro President Carsten Brzeski said, “Although the Hawkish August decision has weakened our conviction, we are still waiting for a rate of proportion in November.” He said.
