While other banks remain cautious, JPMorgan is confident in its prediction after seeing resilient growth signals in recent weeks.

The bank has upgraded its UK growth projections, thanks to a resurgence in consumer confidence and a surprise return to growth territory in the latest purchasing managers' index.

While the National Institute of Economic and Social Research also expects the UK to avoid a recession, JPMorgan is the only one making this forecast the central projection, according to a Bloomberg survey.

Will the UK economy continue to surprise us with its resilience? Only time will tell, but for now, let's enjoy the good news!