UK Economy Bounces Back with 0.6% Growth in Q1 2024
Friday, 10 May 2024, 14:51
UK Economy Exits Recession
GDP rose by 0.6% in the first quarter of 2024, marking a return to growth after a mild recession in the second half of 2023. The Office for National Statistics (ONS) reported the strongest quarterly growth since the end of 2021.
Positive Growth Outlook
The UK economy's performance exceeded economists' forecasts, providing a glimmer of hope for sustained recovery post-recession.
- This growth is a positive sign for the economy
- Experts anticipate gradual growth trends for the rest of the year
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.