UK’s Economy Slows Down: 2025 Growth Forecast Cut in Half! 📉
Hey friends! Have you heard the big news from the UK? The country’s economy is now expected to grow only half as much in 2025 as they thought before! Let’s find out what’s going on.
The Chancellor of the Exchequer, Jeremy Hunt, shared that the UK’s economy is now forecasted to grow by just 1% in 2025. That’s a big drop from the 2% growth they expected back in October!
Why is this happening? He explained that “increased global uncertainty” is making it harder for the economy to grow. This means things happening around the world are affecting how much money and jobs the UK can create.
But don’t worry! Even though the growth is slower, people are working hard to make things better. Let’s keep hoping for good news! 🌟
Reference(s):
cgtn.com
