{"id":55691,"date":"2026-06-30T19:30:40","date_gmt":"2026-06-30T19:30:40","guid":{"rendered":"https:\/\/news.godj.com\/news\/what-is-gdp-and-how-fast-is-the-uk-economy-growing-2\/"},"modified":"2026-06-30T19:30:40","modified_gmt":"2026-06-30T19:30:40","slug":"what-is-gdp-and-how-fast-is-the-uk-economy-growing-2","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/what-is-gdp-and-how-fast-is-the-uk-economy-growing-2\/","title":{"rendered":"What is GDP and how fast is the UK economy growing?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">UK economic growth is measured by the change in the country&#8217;s GDP, or gross domestic product. This includes all the economic activity of companies, governments and people in a country.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In the UK, the Office for National Statistics (ONS) publishes <a href=\"https:\/\/www.ons.gov.uk\/economy\/grossdomesticproductgdp\" class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\">new GDP figures every month<span class=\"visually-hidden ssrcss-i2z2ig-VisuallyHidden e16en2lz0\">, <!-- -->external<\/span><\/a>. However, these can vary quite a lot and the quarterly figures &#8211; covering three months at a time &#8211; are considered more significant.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Most economists, politicians, and businesses like to see GDP rising steadily.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">That&#8217;s because it usually means people are spending more, extra jobs are created, more tax is paid, and workers get better pay rises.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">When GDP is falling, it means the economy is shrinking. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">This can be bad news for businesses and workers as it can lead to pay freezes and job losses.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">If GDP falls for two quarters in a row, <a href=\"https:\/\/www.bbc.co.uk\/news\/business-52986863\" class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\">that is known as a recession<\/a>.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c0j7p38jg15o?at_medium=RSS&#038;at_campaign=rss\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK economic growth is measured by the change in the country&#8217;s GDP, or gross domestic product. This includes all the economic activity of companies, governments and people in a country. In the UK, the Office for National Statistics (ONS) publishes new GDP figures every month, external. However, these can vary quite a lot and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[540,1903,6540,3252],"class_list":["post-55691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-fast","tag-gdp","tag-growing"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/55691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=55691"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/55691\/revisions"}],"predecessor-version":[{"id":55693,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/55691\/revisions\/55693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/55692"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=55691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=55691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=55691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}