UK Economy Rebounds: GDP Grows 0.3% in November, Exceeding Forecasts
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Firstpost•15-01-2026, 13:56
UK Economy Rebounds: GDP Grows 0.3% in November, Exceeding Forecasts
- •The UK economy saw a 0.3% growth in November, surpassing economists' predictions of a 0.1% increase.
- •This growth marks a rebound from a revised 0.1% contraction recorded in October.
- •The improvement occurred despite uncertainty surrounding Finance Minister Rachel Reeves's budget statement on November 26.
- •The Bank of England is unlikely to alter its stance on interest rates based on this single-month recovery, projecting zero growth for Q4 2025.
- •Further economic data, including inflation and unemployment figures, are expected next week, providing more clarity.
Why It Matters: UK's GDP grew 0.3% in November, exceeding forecasts, but long-term economic outlook remains cautious.
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