RE: GDP slightly up…..11 Aug 2023 12:41
Oli, My point exactly can't believe either!
"Britain’s economy now stands 0.2% below its level in late 2019 as of the second quarter, compared with 0.2% above for Germany, 1.7% for France, 2.2% for Italy and 6.2% for the United States.
Most economists think tough times are ahead, despite the economy’s recent resilience.
“With much of the drag from higher interest rates still to come, we are sticking to our below-consensus forecast that the UK is heading for a mild recession later this year,” said economist Ruth Gregory from consultancy Capital Economics.