World Economy

UK Growth Stagnant

A boost in manufacturing has failed to lift the UK economy which grew at a “muted” rate in the third quarter of 2017, the British Chambers of Commerce has warned, Yahoo Finance reported. Buoyed by a rise in exports and domestic orders, the number of manufacturers reporting improved sales rose in the period to its highest level since the first quarter of 2015. However, the services sector—which represents more than three-quarters of output and is traditionally the main driver of economic growth—remained static. Nearly three-quarters of manufacturers reported difficulties hiring workers, while the services sector said problems recruiting staff were at their highest level since early 2016.

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