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The U.K. economy returned to growth in the first quarter as GDP rose 0.6% from the previous quarter.

The mayor said Londoners are not ‘living their life on a graph’

But economists warn positive growth data does not mean UK has escaped its low-growth trap

The FTSE 100 hit a new record close, up 52.41 points at 8433.76. The index reached a new intraday high of 8,455.77 earlier in the session.

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.

Canadian Dollar surges in early US session after much stronger than expected job data that blew past market expectations. The Loonie is taking over Sterling’s position as the best performer of the day, with the latter lifted slightly by…

The City was basking in a rare glow of “genuinely strong” economic news today

In the face of serious economic and developmental challenges, the Nigerian Government through the Strategic Blueprint of the Federal Ministry of Communications, Innovation, and Digital Economy has identified digitalisation as a key enabler…

While the government will seize on any crumbs of comfort it can find, the bigger picture on growth tells a different story

The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing. UK GDP rises 0.6% The British economy grew by 0.6% q/q in the first quarter, higher than the market estimate of…

Britain’s economy experienced its most substantial growth in almost three years during the first quarter of 2024, marking the end… Continue reading UK emerges from recession with 0.6 per cent GDP growth

Business leaders say there is still a “compelling case” for Bank of England to cut interest rates at June’s meeting.

The UK has successfully navigated its way out of a recession, with the gross domestic product expanding by 0.6% in the first quarter, according to official figures released on Friday.

UK GDP grew 0.4% mom in March, well above expectation of 0.1% mom. Services output rose 0.5% mom. Production output rose 0.2% mom while construction output fell -0.4% mom. For Q1, GDP grew 0.6% qoq, above expectation of 0.4% qoq. Compared…

THE UK is officially out of recession as figures reveal the economy grew 0.6% for the first three months of the year.

THE UK is officially out of recession as figures reveal the economy grew 0.6% for the first three months of the year.