Explained in plain English
What is GDP?
Gross Domestic Product, or GDP, measures the total value of goods and services produced in the UK. It's a key indicator of economic health. When GDP grows, it generally means the economy is expanding, businesses are doing well, and more jobs are being created. A low growth rate, like the 0.3% predicted, suggests a much slower economy.
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UK growth could slow to 0.3% next year if Iran war continuesThis explainer came from a news story
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