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We start here in the uk, where figures out earlier show the uk economy grew by 0. 2 between april and june following a rebound from an extra bank holiday for the kings coronation. Growth injune alone was stronger than expected at 0. 5 . High inflation remains a problem. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. So where is the Economy Heading . Were nowjoined by victoria scholar, who is the head of investment at interactive investor. Lovely for tojoin us lovely for to join us here on the programme. Not. 2 . Essentially, thatis programme. Not. 2 . Essentially, that is stagnation, isnt it . Actually, these figures are a bit better than analysts were expecting, both in the Second Quarter and in june we saw particular strength in the construction. ....
Programme. not .2%. essentially, that is stagnation, isn t it? actually, these figures are a bit better than analysts were expecting, both in the second quarter and in june we saw particular strength in the construction. injune we saw a bounce back in manufacturing, publishing, so things like books and magazines also fare pretty well, and car sales have been benefiting from the fact the global chip shortage has been easing away. also the hot weather has helped drive people back to restaurants and pubs and bars, so there are reasons to be slightly more optimistic today.- there are reasons to be slightly more optimistic today. clearly, the actions that more optimistic today. clearly, the actions that are more optimistic today. clearly, the actions that are being more optimistic today. clearly, the actions that are being taken - more optimistic today. clearly, the actions that are being taken are . actions that are being taken are starting to have effect, said the government. we are ....