The UK’s GDP growth rate for the quarter came in at 0.3%, marking a significant decrease from the previous quarter’s growth of 0.7%. This represents a decline of 0.4 percentage points, indicating a slowdown in economic expansion.
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The actual GDP growth rate matched analyst estimates of 0.3%, suggesting that the market had already priced in this deceleration. The stock market may see a muted reaction, with sectors sensitive to economic growth, such as consumer discretionary and industrials, potentially experiencing some pressure. The impact is likely to be short-term as investors adjust their expectations for economic momentum.