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Published 11 days ago

UK economy emerges from recession with 0.6% growth in first quarter

  • Gross domestic product expanded 0.6 percent in the first three months of this year, driven by service industries and car manufacturing, surpassing market expectations as per the Office for National Statistics .
  • This growth was the strongest since the fourth quarter of 2021, resulting in London's stock market reaching a new record peak.
  • The economy had faced two quarters of slight contraction in the previous year, leading to a technical recession due to high inflation and a cost-of-living crisis.
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BBC NewsBBC News

UK emerged from recession at start of year

The economy grew by 0.6% in the first three months of the year, ending a shallow recession.

11 days ago·United Kingdom
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The GuardianThe Guardian

UK has moved out of recession, official figures show

GDP rose by 0.6% in first quarter of 2024 but forecasters expect economy to grow slowly this year

11 days ago·London, United Kingdom
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The IndependentThe Independent

UK economy exits recession after 0.6% growth in latest quarter

It comes after two quarters of decline – which represents a technical recession – in the back half of 2023.

11 days ago·London, United Kingdom
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Daily ExpressDaily Express

UK officially out of recession in huge boost for Sunak as economy grows by 0.6%

GDP expanded by 0.6 per cent in the first three months of 2024, faster than expected and clawing back ground after going into reverse at the end of 2023.

11 days ago·United Kingdom
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Daily MirrorDaily Mirror

UK finally moves out of recession as economy sees 0.6% growth

The economy grew by 0.6% at the start of this year, but Tory ministers were accused of being 'out of touch' for claiming it as a 'triumph' while families continue to struggle

11 days ago·London, United Kingdom
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Hindustan TimesHindustan Times

Boost for Rishi Sunak? UK exits recession with better-than-expected 0.6% growth

The Office for National Statistics said gross domestic product expanded by 0.6% in the three months to March.

11 days ago·New Delhi, India
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