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⚡ UK GDP grew in January, largely thanks to an improvement in services output. But as our UK Chief Economist James Sproule warns, the outlook for the UK economy is choppy, and a consistent strong recovery picture is yet to emerge. 🔗 Read more here: https://lnkd.in/eTihYzyM #ukbusiness #ukeconomy

UK GDP grows faster than expected at 0.7% in first quarter of 2024. Lindsay James. The UK economy has made a rebound following two consecutive quarters of negative growth, beating expectations. Check out Sorin-Andrei Dojan's latest article👇 https://incm.pub/3zuSN5k #investing #assetmanagement #wealthmanagement #finance

UK out of ‘short and shallow’ recession as GDP grows 0.1% 📈 in February. The UK economy grew by 0.1% in February, with January GDP data 📊 revised up from 0.2% to 0.3%, according to the Office for National Statistics. Richard Carter, CFA. Check out Cristian Angeloni’'s latest article 👇 https://incm.pub/3Jgz4rL #investment #investmentmanagement #wealthmanagement #finance

The UK's economy has outperformed expectations with a 0.6% growth in GDP between January and March, according to the Office for National Statistics (ONS). Read more ⬇️ https://lnkd.in/dV6a-HBd #UKeconomy #GDP #recession #finances

UK Economy Shrinks Amid Rising Costs and Uncertainty > UK GDP fell 0.1% in October 2024, disappointing forecasts > Rising costs, tax hikes, and consumer caution strain economic growth Read more: https://bit.ly/3ZBBida #internationalfinance #ukeconomy #gdpdecline #economicgrowth #risingcosts #businessimpact #consumerconfidence #labourgovernment #financialnews

Powered by the services sector, UK GDP grew by 0.2% in January from December, in line with the consensus forecast. This is fueling hope that the economy will exit the June-December technical recession. The lopsided composition of growth, however, may raise inflation concerns that may become more relevant after the anticipated (energy-driven) fall to under 2% in the next quarter. #economy #uk #inflation #growth

Back-to-back increases in output over the first months of this year suggest the UK is now on the road to recovery. Our response to today's GDP figures. Read here: https://bit.ly/3QIKyZh

The Office for National Statistics (ONS) recorded no growth in the UK economy for the month of April, which was in line with economists' expectations, report Mitchell Labiak and Andy Verity. Chancellor Jeremy Hunt said the data showed the economy "is turning a corner." However, Labour’s Shadow Chancellor Rt Hon Rachel Reeves focused on the flat reading seen in April, saying that: "These figures expose the damage done after fourteen years of Conservative chaos." Liberal Democrat Treasury spokesperson Sarah Olney said: "As Rishi Sunak's time as prime minister peters out, so does the UK's economic growth." The UK's gross domestic product (GDP), which measures the value of goods and services produced in a country over time, had grown 0.4% in March. April's sluggishness comes after the UK economy recorded its fastest growth in two years from January to March, exiting the recession it fell into in the final half of last year. #Growth #GeneralElection #Stagnation https://lnkd.in/eN_NqTiY

The UK’s GDP is projected to grow from 0.6% to 0.9% in 2024. But Dana Bodnar, Economist at Atradius, believes the country won’t feel these effects until 2025: “The UK GDP will continue to lag its potential due to structural limitations such as low investments, poor productivity and trade barriers created by Brexit,” says Bodnar. Meanwhile, the UK’s new Prime Minister, Sir Keir Starmer, has now inherited these challenges. Against this complex economic backdrop, creating a more seamless trade relationship with Europe is likely to become a higher priority for the new administration. Learn more: https://brnw.ch/21wLPkb

Some good news this morning!🙌 From the article: The UK is officially out of recession after figures showed the economy grew by 0.6% in the first three months of the year. The Office for National Statistics said the period from January to the end of March marked a return to growth after a mild recession in the second half of 2023. It was a stronger performance than expected by economists, who forecast growth of 0.4% in the first quarter. The downturn came to an end after an increase in activity across the services sector, which has flourished since the turn of the year as wages have outstripped inflation, easing the pressure on consumers. However, forecasters expect the UK to grow slowly this year as high interest rates and last year’s inflation surge continue to take their toll on disposable incomes. The Bank of England has predicted that a lack of momentum in the economy means gross domestic product will grow by only 0.5% this year. The Bank kept interest rates unchanged at 5.25% on Thursday but indicated it may begin cutting them from June. The chancellor, Jeremy Hunt, said: “There is no doubt it has been a difficult few years, but today’s growth figures are proof that the economy is returning to full health for the first time since the pandemic. #economy #recession #economyhealth