The increase follows a decline of 0.3% in Q3 2023 and a fall of 0.1% in Q3 2023 — in comparison with Q1 of last year, GDP is estimated to have grown by 0.2%.
- The Finance Professional Show 2023: The Video
- UK GDP sees growth in February
- GDP grows by 0.2% in January
The latest rise in GDP implies that the UK is now out of technical recession.
Services grew by 0.7% when it came to output, with production increasing by 0.8% — despite this construction declined by 0.9%.
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