AI Powers UK Economic Growth in Third Quarter
Britain's economy expanded 0.7 percent in the third quarter, official data showed Thursday, as spending on the AI boom helped offset higher energy prices and other disruptions caused by the US-Iran war, AFP reported. The July-September reading for gross domestic product was an acceleration from 0.5 percent growth in the second quarter, the Office for National Statistics said in a statement. The third-quarter figure, in line with market expectations, was the fastest quarterly growth rate since the first three months of 2024, the ONS said.
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