{
  "id": 19624871,
  "title": "UK economy grows 0.7% in Q3 on AI boost",
  "url": "https://urgent.news/2026/11/12/uk-economy-grows-0-7-in-q3-on-ai-boost",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-12T08:09:53.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/12/uk-economy-grows-0-7-in-q3-on-ai-boost"
  },
  "original_language": "en",
  "account": "In the third quarter, the UK economy grew by 0.7%, according to official data released by the Office for National Statistics (ONS). This growth was in line with expectations and was driven by the services sector, with a particular boost coming from computer programming. The ONS noted that many businesses reporting significant turnover increases were involved in activities related to artificial intelligence and cloud computing.\n\nThe Bank of England recently raised its forecast for UK economic growth this year and next, citing strength in business investment linked to AI-related demand. The central bank's decision came as it increased its benchmark interest rate for the first time in over three years, responding to soaring energy costs that are driving global inflation.\n\nThe ongoing conflict in the Middle East, particularly the US-Iran war, has impacted growth worldwide. However, finance minister John Healey highlighted Britain's resilience, contrasting its performance with other nations affected by the energy supply disruptions caused by the war. The strikes on Russian refineries and disruptions to Gulf energy supplies have led to record-high diesel prices around the globe.",
  "summary": "The Bank of England last week raised its UK economic growth forecasts for this year and next, citing stronger business investment linked to AI-related demand.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}