Market News
AI Helps UK Economy Post Strongest Growth Since Early 2024 - BLOOMBERG
By Tom Rees and Philip Aldrick
The UK economy grew at its fastest pace in two and a half years, after the rollout of artificial intelligence fueled spending by businesses and consumers continued to weather the energy shock caused by the Iran war.
Gross domestic product rose 0.7% in the third quarter, an acceleration from the 0.5% expansion in the second, the Office for National Statistics said on Thursday. It was in line with median forecast of economists surveyed by Bloomberg. GDP rose 0.2% in September alone, better than the flat reading predicted.
