Get News Fast
America and EuropenewsTasnim news agencyworld news

British economic growth was hampered by high inflation

The British economy has stagnated according to statistics in the third quarter of this year, and the finance minister of this country has announced that high inflation has hindered economic growth in the UK.

– International news

According to the report of the international group Tasnim news agency quoting “Handelsblatt” newspaper, according to British finance minister Jeremy Hunt, economic growth in this country has been hampered by high inflation.

British economy in the third quarter of this year It has been stopped due to high inflation and sharp increase in interest rates. Britain’s statistics office ONS said in London on Friday that gross domestic product contracted from July to September compared to the previous quarter. Economists polled by Reuters had even expected a 0.1 percent contraction after 0.2 percent growth in the spring. In the initial assessment, he said: High inflation is the biggest obstacle to economic growth. According to him, in September, the inflation rate was 6.7 percent higher than any other major industrialized country and was far from the desirable two percent target.

Service providers in the quarter The past has decreased by 0.1. While industrial production has largely stagnated, the construction industry achieved a small growth of 0.1%. It has increased to 5.25 percent, but has recently refrained from further tightening monetary policy. The interest rate has reached its highest level in the last 15 years with 5.25%. The Bank of England wants to fight inflation with this. At the same time, this weakens the economy, as investment loans have become significantly more expensive.

The central bank expects gross domestic product in three The current fourth month will increase by only 0.1 percent. In this situation, stagnation is predicted for 2024 in general and growth of 0.25% for 2025.

England’s support for Russian participation in the 2024 Olympic Games
Pressure on the Prime Minister of England due to the scandals of his party members
Thousands of Afghan refugees waiting to be transferred to the United Kingdom and the United States have been locked up in hotels following a raid by Pakistani police

end of message/


publisher Tasnim News Agency
  • By joining the following social networks, you can quickly access the latest news in categories related to this news and other world news.
  • English News :
  • It is possible to intelligently receive news on personal or public channels and display it to contacts on social networks, Bale – Telegram – Instagram – Facebook – X (Twitter). Please call to receive the robot.
  • support :         |       
free zones of Iran, heaven for investment | 741 investment packages in Iran's free zones | With a capacity of over 158 billion dollars Safe investment in the Islamic Republic of Iran
Back to top button