Published on 29 Sep 2024 on Insider Monkey · via Yahoo Finance
Is Paysafe (PSFE) the Best UK Growth Stock to Invest In Right Now?
We recently compiled a list of the 7 Best UK Growth Stocks To Invest In. In this article, we are going to take a look at where Paysafe (NYSE:PSFE) stands against the other UK growth stocks.
The Economy of the United Kingdom
According to a report by KPMG, the United Kingdom’s GDP growth will slow in the second half of 2024 but will pick up slightly to 1.2% in 2025. This growth is expected to be driven by a less restrictive monetary policy and continued improvements to real wages, which could support stronger consumption and business investment. However, the longer-term GDP growth could be limited to around 1.1% a year due to a historically weak pace of productivity growth.