UK takes another step on path to exit recession as GDP rises

February growth of 0.1% comes despite retailers being hit by one of wettest starts to a year on recordBusiness live – latest updatesBritain’s economy has taken a step closer to exiting recession after official figures showed growth continued in February despite a washout month for retailers after one of the wettest starts to a year on record.The Office for National Statistics said gross domestic product (GDP) rose by 0.1% in February, matching City economists’ forecasts and extending a recovery after growth in January was revised up from 0.2% to 0.3%. Continue reading...

Apr 12, 2024 - 12:30
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UK takes another step on path to exit recession as GDP rises

February growth of 0.1% comes despite retailers being hit by one of wettest starts to a year on record

Britain’s economy has taken a step closer to exiting recession after official figures showed growth continued in February despite a washout month for retailers after one of the wettest starts to a year on record.

The Office for National Statistics said gross domestic product (GDP) rose by 0.1% in February, matching City economists’ forecasts and extending a recovery after growth in January was revised up from 0.2% to 0.3%. Continue reading...

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