UK Q1 GDP grows above expectations

UK Q1 GDP grows above expectations

The country's economy grew by 0.7% in the first quarter of 2024 compared to the previous quarter and 0.3% on an annual basis; expectations were for an increase of 0.6% and 0.2% in the two readings, respectively.

The UK's Office for National Statistics (ONS) reported that the UK's gross domestic product (GDP) grew by 0.7% in the first quarter of 2024 compared to the previous quarter and by 0.3% on an annual basis.

The final data came in slightly above analysts' expectations: the LSEG consensus estimated that the UK economy grew by 0.6% in the quarter and 0.2% in the year.

Continues after ad

Download a list of 10 small-cap stocks that, in the opinion of experts, have growth potential in the coming months and years.

The Office for National Statistics' final reading confirms that the UK has emerged from recession, after GDP contracted in the third and fourth quarters of 2023.

Continues after ad

(Dow Jones Newswire)

Get access to free online streaming and in-person tickets with 60% off.

See also  Low data accuracy helps save energy - University of Tampere in Finland is coordinating a project to train young scientists from around the world to develop solutions

You May Also Like

About the Author: Camelia Kirk

"Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist."

Leave a Reply

Your email address will not be published. Required fields are marked *