UK economy decelerates in September

12.11.2020 - Petr Mazaylo
UK economy decelerates in September

The struggling and virus-beaten economy of Britain had advanced 1.1% in September. The reading came slower than what was expected from a month ago, even before the latest restrictions on businesses were implemented, official data showed.

The figure placed below the 1.5% monthly growth predicted by economists in a Reuters survey. Moreover, the country’s gross domestic product expanded 15.5% from July to September, the Office for National Statistics said.

While there was an increase, this did not compensate for GDP’s nearly 20% crash seen in the second quarter. In addition to this, the Bank of England said that the world’s sixth-biggest economy is expected to record an 11% contraction before expanding by just 7% the following year.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?