United Kingdom's economy growth in the second quarter slowed to 0.5%, lower than expected. Market confidence declined to 0.3%.
The United Kingdom's economy grew by 0.5% in the second quarter, lower than the expected 0.6%, indicating that the momentum of economic growth is weakening after the Labor Party government took office.
United Kingdom's economic growth has been downwardly revised, posing a blow to Prime Minister Starmer.
The growth rate of the United Kingdom's economy in the second quarter was slower than expected, indicating that with the Labour Party coming to power, the process of economic recovery from recession has lost momentum. The UK Office for National Statistics announced on Monday that the country's gross domestic product grew by 0.5% in the second quarter, below the initial 0.6%. GDP grew by 0.7% in the first quarter. Economists had not expected an adjustment. These figures are a blow to Prime Minister Keir Starmer, who hoped to fulfill his promises to improve public services through economic growth. Starmer has pledged to increase the economic growth rate to 2.5%, far above the levels seen since the financial crisis and the pre-
After the Federal Reserve cut interest rates sharply, goldman sachs is bearish on the US dollar, but Deutsche Bank is calling for a Trump victory to boost the strong dollar.
Banking giant Goldman Sachs recently predicted that after the Federal Reserve's interest rate reversal, the dollar will continue to weaken.
GBP: Strength Continues – ING
Zou Lan, Director of the People's Bank of China's Monetary Policy Department: On the basis of reducing the deposit reserve ratio by 0.5 percentage points, it will further reduce it based on the market liquidity conditions within the year.
The Political Bureau of the CPC Central Committee held a meeting on September 26 to analyze and study the current economic situation and deploy the next steps for economic work.
The Renminbi exchange rate has performed strongly, and the "currency exchange + time deposit" products are favored.
Industry insiders believe that the exchange rates of the Renminbi are expected to continue to maintain a strong trend, and Renminbi investment products that are safe and offer high returns will attract more attention.
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