The UK economy is decelerating: The construction boom cannot hide the deep-seated crisis
The data released by the Office for National Statistics of the United Kingdom on August 14th served as a wake-up call: the quarter-on-quarter growth rate of the country's gross domestic product in the second quarter plummeted from 0.7% in the first quarter to 0.3%, marking the lowest increase since the recovery period of the pandemic last year.
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