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UK GDP growth holds firm, UBS says
Further third-quarter gains in UK GDP, led chiefly by services, have extended the economy’s recent strength, according to UBS economist Paul Donovan. Modest growth in consumers’ real incomes, alongside room to reduce savings rates, continues to support consumption, he notes.
Services Drive Growth as Consumers Retain Scope to Spend
"UK GDP continued its recent strength, with further gains in the third quarter."
"Services led growth, with car and chemical imports the main offset."
"UK consumers have generally experienced a small positive real income growth, but have room to reduce savings rates and continue consuming."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Learn more.)
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