The UK on Thursday posted its fastest pace of quarterly growth for years, as AI fed a spending spree and consumers weathered an energy shock.
Europe’s two biggest economies are expected to beat growth forecasts despite economic headwinds, lifting hopes in a continent that has become the poster child for stagnation. The UK on Thursday posted its fastest pace of quarterly growth for years, as AI fed a spending spree and consumers weathered an energy shock sparked by the war in the Middle East; Britain’s burgeoning green energy industry has helped protect its economy, too.
Meanwhile, a council of German experts projected the EU’s biggest economy will grow at more than twice the pace expected in the spring on the back of vast government spending and robust exports. A severe winter, however, could put the rosy forecasts at risk, Bloomberg reported.
— Jeronimo Gonzalez
In brief
Europe’s two biggest economies are expected to beat growth forecasts despite economic headwinds, lifting hopes in a continent that has become the poster child for stagnation. Meanwhile, a council of German experts projected the EU’s biggest economy will grow at more than twice the pace expected in the spring on the back of vast government spending and robust exports. A severe winter, however, could put the rosy forecasts at risk, Bloomberg reported. — Jeronimo Gonzalez
This is the opening of the story, shared with credit to Semafor. The rest of the report — with every detail — continues on the publisher’s website.
We use cookies to keep the site running, count visits and show adverts that keep news free. Some partners may rely on legitimate interest, which you can object to under Choose. See our Cookie Policy and Privacy Policy.
Install “News Kenya”
🔔
Get breaking-news alerts?We’ll notify you the moment big stories break. Switch off any time.
