fromLondon Business News | Londonlovesbusiness.com
1 day agoSustainable economic growth remains elusive as UK GDP falls by 0.1% in October - London Business News | Londonlovesbusiness.com
UK GDP declined marginally by 0.1% in October, reflecting an economy that is stable but still unable to build meaningful forwards momentum. The UK is neither sliding into a clear downturn nor generating the lift needed to move into a firmer, sustainable expansion phase. Across the main sectors, October's picture is uneven. Manufacturing and construction continue to feel the weight of higher borrowing costs and muted global demand, while improvements in consumer-facing services remain hesitant despite easing inflation.
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