British economy rebounds strongly
Updated On: 11 May, 2024 08:23 AM IST | Agencies
The Office for National Statistics said the economy grew by 0.6 per cent in the first quarter from the previous three-month period, with broad-based strength across the crucial services sector in particular.
British PM Rish Sunak. Pic/AFP
The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession”, official figures showed on Friday.
The Office for National Statistics said the economy grew by 0.6 per cent in the first quarter from the previous three-month period, with broad-based strength across the crucial services sector in particular.
The increase was higher than the 0.4 per cent predicted by economists and the strongest since the fourth quarter of 2021 when the economy was rebounding following the sharp contraction during the coronavirus pandemic.
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