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UK Economy Emerges From Recession
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations. From a report: Economists polled by Reuters had forecast growth of 0.4% on the previous three months of the year. The U.K. entered a shallow rec...
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations. The U.K. entered a shallow recession in the second half of 2023, as persistent inflation continued to hurt the economy. In output terms, the services sector -- crucial to the U.K. economy -- grew for the first time since the first quarter in 2023, the Office for National Statistics said.
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