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Recessionary Pressures Receding in the Rearview Mirror as UK Economy Gains Momentum

From niesr.ac.uk

Monthly GDP grew by 0.1 per cent in February, following a revised 0.3 per cent growth in January. This monthly figure was mainly driven by increasing output in production, particularly manufacturing and services. • GDP grewby 0.2 per centin the three months to February relative to the previous threemonth period. This was generated by a rise in output in production and services. • We forecast GDP to grow by 0.4 per cent in the first quarter of 2024. Our early forecast for the second quarter of this year sees GDP growing by 0.3 per cent. While exiting from the shallow recession in the second half of 2023 is welcoming, ... (full story)

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