S&P lifts UK GDP growth view on resilient consumer spending and services sector

The National ·
United Arab Emirates

S&P Global Ratings has upgraded its growth outlook for the UK, citing “reasonably resilient” consumer spending and services that have helped shield the economy from the conflict in the Middle East. Real gross domestic product in Europe's second-biggest economy is now expected to climb by 1.3 per cent, from a previous lowered prediction of 1.1 per cent , the New York-based agency said on Friday.…

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