Economy: AI and World Cup let British economy grow strongly
In the first half-year, the British economy grew as strongly as nowhere else in the West. This trend continued in July. One segment in particular is booming.
The UK economy started the second half of the year with a surprise strong performance, driven by a boom in Artificial Intelligence (AI). The GDP grew 0.4% in July compared to the previous month, according to the Office for National Statistics (ONS). This exceeded expectations, with economists polled by Reuters predicting stagnation.
The economy grew 1.6% compared to the same month last year, the highest value since February 2025. The service sector, particularly computer programming, was a key driver of growth, boosted by the AI boom, the Olympics and hot summer weather.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
