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Global economic growth trends in UK and US

Updated 5 times since CLSTR started tracking revisions of this situation.

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2026-09-11 14:30 UTC → 2026-09-11 15:02 UTC · added removed

Economic indicators in the United Kingdom and the United States show growth driven largely by the technology and services sectors. In the United Kingdom, the economy expanded by 0.4% in the second quarter of 2026. While this was a slowdown from the 0.6% growth seen in the first quarter, the services sector remained a primary driver, growing by 0.5% during the quarter. In June, the economy unexpectedly grew by 0.3%, surpassing expectations of flat output, aided by warmer weather and a temporary respite in energy price pressures. The information and communications sector accounted for nearly half of the total expansion, with computer programming and consultancy activities growing by 3.7% due to ICT equipment investment reaching £22.1 billion. However, Treasury modelling warns that continued disruptions in the Strait of Hormuz could slow UK GDP growth to 0.3% in 2027. Recent data shows continued resilience in the British economy, resilience, with GDP the UK economy growing by 0.4% in July, exceeding forecasts that had predicted of stagnation. This performance brings the annual growth rate to 1.6%, the fastest pace since February 2025. In the first half of 2026, the UK recorded a 1% expansion, making it the fastest-growing economy among the G7 nations. Growth was primarily driven by a 0.4% rise in the services sector, specifically within computer programming, consultancy, and technology-related activities such as cloud computing and artificial intelligence. Additionally, intelligence, which saw a 3.5% increase. However, the recovery remains uneven. While manufacturing saw a notable rebound with a 0.9% month-on-month increase in output. This performance marks rebound, the eighth consecutive three-month expansion, production and the UK recorded a 1% expansion construction sectors both declined by 0.5% in the first half of 2026, making it the fastest-growing economy among the G7 nations. While the services sector remains the primary engine, three months leading up to July. Additionally, the Office for National Statistics noted a decline in wholesale and retail trade. Newer reports indicate uneven resilience. While the services sector saw a 0.6% increase Risks persist as rising energy costs linked to geopolitical tensions in professional, scientific, and technical activities, the production Middle East and construction sectors both declined by 0.5% during the three months leading high government borrowing costs continue to July. pose threats to fiscal stability and household finances.

Versions

  1. 2026-09-11 15:02 UTC Global economic growth trends in UK and US
  2. 2026-09-11 14:30 UTC Global economic growth trends in UK and US
  3. 2026-09-11 09:13 UTC Global economic growth trends in UK and US
  4. 2026-09-11 07:50 UTC Global economic growth trends in UK and US
  5. 2026-08-23 06:12 UTC Global economic growth trends in UK and US
  6. 2026-08-21 21:54 UTC Global economic growth trends in UK and US

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