"Is GDP just noise? The real problem with the economy in the United Kingdom is here."

Recently, the United Kingdom announced that GDP decreased by 0.1% month-on-month in May, marking the second consecutive month of negative growth, raising concerns in the market about the economic outlook. However, some analysts point out that this data may be more like "noise" at the level of Statistics, rather than a fundamental weakening of the economy. In fact, the UK's economic performance was strong in the first quarter of this year, partly due to the early release of Real Estate Trade and the preemptive operations in the Trade sector, with a particularly notable "rush" effect before changes in stamp duty policy. Historically, the UK economy in the first quarter tends to be stronger than in other quarters of the year, despite the existence of seasonal adjustment mechanisms, with the combined disturbances of the pandemic and inflation affecting the situation.

FX678 FinanceJul 11 06:46 ET

The United Kingdom's economy has contracted for the second consecutive month, with GDP unexpectedly declining by 0.1% in May, leading to increased pressure on the central bank to cut interest rates.

The United Kingdom's economy unexpectedly contracted by 0.1% in May, marking a decline for the second consecutive month, indicating that the robust growth momentum seen earlier this year has dissipated.

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