UK economy ekes out 0.1% growth in the third quarter, below expectations

The UK economy grew less than expected in the third quarter, with GDP at 0.1% compared to 0.2% forecasted, following a 0.5% expansion in the second quarter. Inflation fell to 1.7% in September, leading to a rate cut by the Bank of England to 4.75%. Uncertainty surrounding President-elect Donald Trump’s tariff agenda and its potential global impact remains a concern for the Bank of England, with Governor Andrew Bailey highlighting risks of global fragmentation.

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