Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
LONDON, Aug. 15 (Xinhua) — Britain's gross domestic product grew 0.3 percent in the second quarter of 2025, slowing from 0.7 percent in the first quarter, the country's Office for National Statistics said on Thursday.
Among the three main sectors of the economy, construction increased by 1.2 percent, becoming the main source of growth during the period. In this sector, good performance was noted for new infrastructure projects, as well as repair and maintenance of private housing.
The services sector grew by 0.4 percent, with software and medical services the main drivers. Wholesale and retail trade fell sharply. Industrial production fell by 0.3 percent.
“We saw better-than-expected growth at the start of the year, largely due to inventory build-up ahead of the US tariffs. However, domestic tax burdens and uncertain global trade conditions created a very challenging environment for UK SMEs in the second quarter,” said Stuart Morrison, research manager at the British Chambers of Commerce.
In a recent report, forecasting organisation EY ITEM Club said that ongoing global economic uncertainty, fiscal tightening and a weak labour market will continue to weigh on the UK economy, with the country's GDP growth expected to remain weak until 2027. –0–
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