UK economy exits recession in Q1 2024 with 0.6% growth.

The UK economy exited recession in the first quarter of 2024, with growth of 0.6% exceeding expectations. The GDP expansion comes after a challenging period of high inflation and rising cost of living. Prime Minister Rishi Sunak said the economy has "turned a corner", although both Labour and the Liberal Democrats have expressed skepticism and called for more action. The UK's economic growth rate is now higher than any European country in the G7, according to the International Monetary Fund.

May 10, 2024
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