UK Economy Grew at Fastest Pace in a Year Before Expected Slowdown
GDP expands 0.7% in first quarter amid fragile recovery
The UK economy expanded by 0.7% in the first quarter of the year, marking its fastest growth in 12 months as consumer spending and services rebounded.
However, economists warn that the momentum may not last amid persistent inflation, high interest rates, and weaker business investment forecasts for the coming months.
However, economists warn that the momentum may not last amid persistent inflation, high interest rates, and weaker business investment forecasts for the coming months.
