šļøThe UK economy showed some signs of growth in the second quarter, with GDP expanding by 0.3% compared to the previous quarter. This is better than what was expected, but itās important to note that this growth is likely to be short-lived.
šļøOne reason for this is that much of the growth in business investment during the first quarter was due to companies buying aircraft before new tariffs took effect. This spending has since slowed down, and government spending and statistical adjustments have made up most of the increase in GDP in the second quarter.
šļøConsumer spending has also been relatively subdued, with only a small increase of 0.1% compared to the previous quarter. This is because inflation, new tax measures, and weak consumer confidence are all weighing on households.
Credits & Sources: Colliers Report
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