The UK economy shows signs of recovery, but the situation is complicated by the war with Iran and high energy prices. This is reported by CNBC.
The UK economy continues to gain momentum. Consumer spending by Britons has been supported by hot weather, the national team's successes in the football World Cup, and overall growth in business activity.
Official data showed that the country's GDP grew by 0.4% in the second quarter. For comparison, in the first quarter, this figure was 0.6%. Particularly positive was the statistics on business investments, which increased by 1.7%. This result completely contradicted the forecasts of analysts surveyed by Reuters, who expected a decline of 0.5%.
Deutsche Bank's chief economist for the UK, Sanjay Rajan, expresses optimism. According to him, the country may register the highest growth rate among all G7 countries for the second consecutive quarter. The annualized growth rate for the first half of the year has even reached an
