UK growth 'subdued not stalling'

UK economic growth is “subdued but not stalling”, according to economists at PwC, as they upgraded projections for the current year.

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Experts at the accounting and financial services giant have said UK gross domestic product (GDP) is on track to grow by 1.3% in 2025. It had previously pointed towards an increase of 1.1% for the year.

The new forecast was driven by a stronger than expected first half of the year, with growth of 0.7% in the first quarter and 0.3% in the second quarter.