UK economy exits recession with 0.6% Q1 growth.

The UK economy exits recession, growing 0.6% in Q1, driven by a resurgence in car manufacturing and expansion in the services sector, according to the Office for National Statistics. This marks the fastest growth since 2021, surpassing economists' expectations of a 0.4% expansion. The production sector also grew by 0.8% while the construction sector saw a 0.9% decline.

May 10, 2024
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