The UK economy has returned to growth after a boost in stronger spending in pubs, bars and shops. The UK's gross domestic product (GDP) increased by 0.2 percent in April after a 0.3 percent fall in March, the Office for National Statistics (ONS) has revealed.
Following the consequences of Russia’s invasion of Ukraine and its effect on energy prices, and the impacts of the Covid-19 pandemic, the UK entered into a recession in the first quarter of this year. As a result the IMF predicted around 90 percent of advanced economies will see a decline in growth in 2023.
However in April, the UK economy appeared to have bounced back after a recovery in consumer-facing services, which grew 1 percent for the month, as Brits are spending more on drinking, eating out and shopping.
