The UK economy recorded growth at a faster pace than analysts expected in March. This indicator demonstrated the resilience of the country's financial system against external shocks. This was reported by Bbc.com reporting .
Economic growth rates showed positive results despite the initial impacts of tensions between Iran and Israel being observed. Although the geopolitical situation is putting pressure on oil prices and global supply chains, the British market has maintained its position.
Experts believe that the recovery of the service sector and consumer demand helped increase the gross domestic product. Nevertheless, uncertainties regarding inflation and interest rates pose risks for future quarters.
Currently, investors are closely monitoring the upcoming decisions of the Fed and the Bank of England. Market participants have high hopes for fiscal measures to be taken by the government to ensure the stability of economic growth.
Read “Zamin” on Telegram!
