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Kingdom — Britain exited recession with stronger-than-expected growth in the first quarter of 2024, official data showed Friday, in a boost to embattled Prime Minister Rishi Sunak ahead of this year’s election.
Gross domestic product expanded by 0.6 percent in the first three months of this year, the Office for National Statistics (ONS) said in a statement, beating market expectations of 0.4 percent.
The economy had suffered two successive quarters of contraction in the second half of last year, meeting the technical definition of a recession on the back of elevated inflation and a cost-of-living crisis.
