The strong economic growth in the UK cannot stop the arrival of economic slowdown.

HSBC Bank said in a report that, given the recent global uncertainties, the UK economy may only go downhill after exceeding expectations with a 0.7% growth in the first quarter. Strong investment, driven by one-off investments, has helped, but trade may see a decline in the second quarter based on early signs of export load. Additionally, the increase in water and electricity fees, as well as the impact of rising wage taxes and minimum wage adjustments on business labor costs, will also be felt. However, the economic growth in the first quarter is still good, especially considering the decrease in inflation and the resilience of the labor market. The Bank of England, which expects a 0.6% economic growth, will see this as strong support for its "cautious and gradual" approach to rate cuts.