UK and Germany expected to beat growth forecasts
The UK on Thursday posted its fastest pace of quarterly growth for years, as AI fed a spending spree and consumers weathered an energy shock. Europe’s two biggest economies are expected to beat growth forecasts despite economic headwinds, lifting hopes in a continent that has become the poster child for stagnation. The UK on Thursday posted its fastest pace of quarterly growth for years, as AI fed a spending spree and consumers weathered an energy shock sparked by the war in the Middle East; Britain’s burgeoning green energy industry has helped protect its economy, too. Meanwhile, a council of German experts projected the EU’s biggest economy will grow at more than twice the pace expected in the spring on the back of vast government spending and robust exports. A severe winter, however, could put the rosy forecasts at risk, Bloomberg reported.
The UK on Thursday posted its fastest pace of quarterly growth for years, as AI fed a spending spree and consumers weathered an energy shock. Europe’s two biggest economies are expected to beat growth forecasts despite economic headwinds, lifting hopes in a continent that has become the poster child for stagnation. The UK on Thursday posted its fastest pace of quarterly growth for years, as AI fed a spending spree and consumers weathered an energy shock sparked by the war in the Middle East; Britain’s burgeoning green energy industry has helped protect its economy, too.
Meanwhile, a council of German experts projected the EU’s biggest economy will grow at more than twice the pace expected in the spring on the back of vast government spending and robust exports. A severe winter, however, could put the rosy forecasts at risk, Bloomberg reported.