Weak Economic Performance in the UK Reflected in the FTSE 100

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The UK economy is one of the largest in the world, with a GDP of about $3.2 trillion in 2023. It relies mainly on services, such as finance, banking, insurance, and technology, which make up around 80% of its economy. Manufacturing and agriculture are also important, though smaller, sectors. The UK has a strong trade history, but Brexit (leaving the European Union) has caused challenges like supply chain issues and new trade barriers.



However, in 2024, the FTSE 100 has reflected the weak performance of the UK economy. The index has underperformed compared to global markets. When compared to the S&P 500, the FTSE 100 has underperformed by more than 20% year-to-date. With the new UK government in place, pro-business policies are expected to bring positive results in the upcoming calendar year.

Competency and pro-business-oriented policies will be crucial factors for the growth of the UK economy in the long term.

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