UK Economy Grows 0.7% as AI Rollout Boosts Quarterly Growth Rate

RecentNews.uk

UK GDP grew by 0.7% in the third quarter, marking the fastest expansion pace in two years.

Corporate investment in AI software and automation provided a substantial boost to service sector productivity.

High oil prices and elevated energy costs continued to suppress high street retail spending.

Stronger output figures may prompt the Bank of England to keep interest rates higher for longer.

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