UK economy exits recession after 0.6% growth in latest quarter
The UK economy rebounded out of recession with faster-than-expected growth over the first quarter of 2024, according to official figures.
The Office for National Statistics said gross domestic product (GDP) is estimated to have risen by 0.6% between January and March.
It comes after two quarters of decline – which represents a technical recession – in the back half of 2023.
A consensus of economists had predicted a 0.4% improvement for the latest quarter.
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Видео UK economy exits recession after 0.6% growth in latest quarter канала Evening Standard
The Office for National Statistics said gross domestic product (GDP) is estimated to have risen by 0.6% between January and March.
It comes after two quarters of decline – which represents a technical recession – in the back half of 2023.
A consensus of economists had predicted a 0.4% improvement for the latest quarter.
Subscribe to the Evening Standard: https://bit.ly/Subscribe-to-Evening-Standard
for latest breaking news from the UK, US and around the world, plus podcasts and features.
Evening Standard on socials:
Check out our full video catalog: https://www.youtube.com/c/LondonEveningStandard/videos
Videos, daily editorial and more: https://www.standard.co.uk/
Like us on Facebook: https://www.fb.com/eveningstandard
Follow us on Twitter: https://twitter.com/eveningstandard
and Instagram: https://www.instagram.com/evening.standard
Видео UK economy exits recession after 0.6% growth in latest quarter канала Evening Standard
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