U.K. Economy Grew 0.3% in Second Quarter

The video discusses GDP growth in the first and second quarters, highlighting a modest increase in the second quarter. The economy's performance was in line with expectations, with services being the main contributor to growth. Production and construction sectors were a drag, while agriculture had no impact. The film industry and retail were key drivers within services. Despite improvements, retail posted flat growth. Consumers faced challenges due to inflation and currency fluctuations, leading to a noticeable economic slowdown.

What was the GDP growth rate in the second quarter?

• 0.2%

• 0.3%

• 1.7%

• 2%

Which sector was the sole positive contributor to GDP growth in the second quarter?

• Agriculture

• Construction

• Production

• Services

What was the growth rate of the services sector in the second quarter?

• 0.2%

• 0.3%

• 0.5%

• 1.7%

Which industry within the services sector was a main driver of growth?

• Manufacturing

• Film industry

• Construction

• Agriculture

What economic challenge did consumers face in the first half of the year?

• Weak pound

• High interest rates

• Low inflation

• Strong pound