UK Economy Expands 0.1% in August, Beating Forecasts as Recession Fears Ease
The U.K. economy grew 0.1% in August, slightly outperforming expectations and offering a modest sign of resilience as households and businesses continue to absorb the strain of high prices and elevated energy costs. The reading suggests the economy is still moving, albeit sluggishly, even as the Bank of England weighs the inflation outlook against signs of weakening demand.
