UK Economy Picks Up Some Speed, Brexit Hurdles Ahead
Britain's economy picked up some speed in the second quarter after a sharp winter slowdown in early 2018 but lost momentum in June, underlining its stuttering performance ahead of Brexit in less than eight months' time.
Gross domestic product expanded 0.4 percent in the April-June period, as expected in a Reuters poll of economists, the Office for National Statistics said.
The economy's annual growth rate picked up slightly to 1.3 percent in the second quarter, only a touch above a nearly six-year low of 1.2 percent at the start of the year.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!