Posted 4/12/2024, 6:02:00 PM
UK Economy Inches Higher But Cost of Living Crisis Clouds Outlook
- UK GDP rose 0.1% in February, extending economic recovery from recession
- Growth driven by manufacturing and services, while construction slumped due to bad weather
- Economy grew 0.1% over 3 months to February, first expansion since last summer
- But GDP still below June 2022 level, remains broadly flat since early 2022
- Recovery welcome but weak growth continues with high inflation and interest rates squeezing households
