UK Economy Beats Forecasts with 0. 4% Growth in July – Business Live The latest GDP numbers from the Office for National Statistics show that the UK economy has outpaced forecasts, growing by 0. 4% in July.
This development may be seen as a welcome surprise, but it masks underlying issues. Services have driven growth, expanding by 0. 4% in July, while production and construction lagged behind at 0. 2% and 0.
1%, respectively. This uneven performance is consistent with the UK's long term economic struggles. Historically, the country has struggled to achieve sustained growth above 2%. The current trajectory of around 1.