Copies of the Evening Standard outside the Bank of England in the City of London, after figures showed Britain’s economy slipped into a recession at the end of 2023.
Yui Mok | Pa Images | Getty Images
The U.K. economy has emerged from a recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations.
Economists had expected growth of 0.4% on the previous quarter.
The U.K. entered a shallow recession in the second half of 2023, as persistent inflation dragged the economy.
Although there is no official definition of a recession, two straight quarters of negative growth is widely considered a technical recession.
This is a breaking news story and will be updated shortly.
Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
