UK economy shows fragile signs of recovery, but long-term concerns remain

• UK economy showing signs of recovery after recession, with 0.2% GDP growth in January • But growth remains low, below pre-pandemic levels, and living standards still below 2008 • Inflation dropping and wage growth steady offers respite for households • Forecasts of around 0.5% GDP growth this year - historically weak • Long-term productivity challenges and weak business investment clouds outlook