Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Phillip Inman

UK has moved out of recession, official figures show

Shoppers on Oxford Street in central London cross a road under lots of suspended union flags
Shoppers on Oxford Street in central London. Photograph: Guy Bell/Rex/Shutterstock

The UK is officially out of recession after figures showed the economy grew by 0.6% in the first three months of the year.

The Office for National Statistics (ONS) said the period from January to the end of March marked a return to growth after a mild recession in the second half of 2023. It was the strongest rate of quarterly growth since the end of 2021, and a better performance than expected by economists, who forecast growth of 0.4% in the first quarter.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.