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GDP: UK growth slows but economy resilient despite Iran war, latest data says | Money News


The rate of UK growth slowed, according to the latest data, but the economy remained resilient despite the Iran war.

Gross domestic product (GDP), a measure of everything produced in the economy, grew 0.4% in the second quarter from April to June, according to the Office for National Statistics (ONS).

It’s a slight slowdown from the 0.6% recorded in the first three months of the year.

When looked at monthly, in June, growth was higher than expected with GDP expanding 0.3%.

During the period in question, Rachel Reeves was still the chancellor.

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