The UK's Office for National Statistics cites AI as a major driver of the country's summer growth spurt, with GDP growing 0.4% in July, above expectations (Tom Rees/Bloomberg)

Why It Matters

Tom Rees / Bloomberg : The UK's Office for National Statistics cites AI as a major driver of the country's summer growth spurt, with GDP growing 0.4% in July, above expectations   —  No one in the City of London saw Britain's summer growth spurt coming.  —  Even the most optimistic economists' forecasts for July had the economy expanding 0.1%.

Provenance