UK out of recession
Manchester Evening News|May 11, 2024
THE UK economy rebounded out of recession with faster-thanexpected growth over the first quarter of 2024, according to official figures.
UK out of recession

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.

ONS director of economic statistics Liz McKeown said: "After two-quarters of contraction, the UK economy returned to positive growth in the first three months of this year.

"There was broad-based strength across the service industries with retail, public transport and haulage, and health all performing well.

This story is from the May 11, 2024 edition of Manchester Evening News.

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This story is from the May 11, 2024 edition of Manchester Evening News.

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