UK economy rebounds 0.2% in January, exiting recession with GDP growth.

UK economy rebounds in January after slipping into recession, with GDP rising 0.2% following a 0.1% decline in December. Services and construction sectors contributed to the growth, offsetting a drop in industrial production. This leaves the UK on track to grow over the first quarter as a whole, signaling the end of the technical recession. Prime Minister Rishi Sunak benefits from this positive news amidst speculation about his Conservative party's performance in the upcoming general election.

March 13, 2024
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