U.K. Economy Grew 0.3% in Second Quarter

U.K. Economy Grew 0.3% in Second Quarter

Assessment

Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges did consumers face this year according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the impact of the weak pound on consumers?

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