KONTAN.CO.ID - LONDON. Britain eked out some unexpected growth in the second quarter, helped by a strong June performance, but it remained the only large advanced economy yet to regain its pre-COVID late-2019 level, official data showed on Friday. The economy grew 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The performance was helped by monthly growth of 0.5% in June, above all forecasts in the Reuters poll which had pointed to a 0.2% uptick.
UK Economy Grows Unexpectedly in Q2 But Still Lags Peers
KONTAN.CO.ID - LONDON. Britain eked out some unexpected growth in the second quarter, helped by a strong June performance, but it remained the only large advanced economy yet to regain its pre-COVID late-2019 level, official data showed on Friday. The economy grew 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The performance was helped by monthly growth of 0.5% in June, above all forecasts in the Reuters poll which had pointed to a 0.2% uptick.