Britain’s economy has emerged from a short-lived recession in the first quarter with stronger-than-anticipated growth.
This was revealed in an upwardly revised data lifting embattled Prime Minister Rishi Sunak before next week’s general election.
According to the Office For National Statistics, Gross Domestic product grew 0.7 per cent in the first three months of this year, upgrading the prior growth estimate of 0.6 per cent.
This modest improvement was driven by the service sector, with slightly stronger activity in the professional services, such as transport and storage.
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However, the ONS revealed earlier this month that the UK economy had stagnated in April with zero growth, but the performance was hit by wet weather.
The economy contracted slightly for two quarters in a row in the second half of 2023, meeting the technical definition of a recession that was caused by elevated inflation that has prolonged a cost-of-living crisis.
(Editor: Anoyoyo Ogiagboviogie)
