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GDP YoY

Name: GDP YoY
Creator: TipRanks

GDP YoY in the UK measures the percentage change in the country's Gross Domestic Product compared to the same quarter in the previous year, indicating the economy's growth rate. It is crucial for assessing economic health, influencing monetary policy decisions, and guiding investment strategies. A higher GDP YoY suggests economic expansion, potentially leading to stronger currency and stock market performance, while a lower figure may signal economic slowdown, affecting interest rates and investor confidence.