UK GDP jumped 0.6% in the first quarter compared to the previous three months, according to the Office for National Statistics. The figures marked a decisive end to the mildest recession in almost 70 years. Bloomberg’s Sam Unsted and Bloomberg Economics’ Ana Andrade break down the situation and what this could mean for future interest-rate cut decisions coming from the Bank of England.
Read more: https://www.bloomberg.com/news/articles/2024-05-10/uk-says-recession-ended-with-stronger-than-expected-growth?srnd=homepage-uk
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