Revised 2023 UK economic growth figures show significant improvement, but challenges remain
Briefly

The updated figures show that the economy grew by 0.3% last year, triple the previously reported 0.1% growth, demonstrating a quicker recovery than anticipated.
Despite the improved outlook for the UK economy, it still ranks among the slowest growing in the G7, highlighting persistent challenges and the impact of prior administrations.
The OECD forecasts that the UK economy will grow by 1.1% this year, indicating modest recovery amid declining inflation and interest rates, and increased political stability.
Real GDP per head rose by 0.2% from March to June, but remains 0.3% lower than the same time last year, reflecting ongoing living standards concerns.
Read at Business Matters
[
|
]