UK growth confirmed at 0.3% as double-dip revised away

clock

The UK economy delivered growth of 0.3% in the first quarter of the year, the final reading from the Office for National Statistics has confirmed, but revisions to previous readings mean there was no 'double-dip' recession.

The final estimate was broadly in line with market expectations, confirming May's reading. The GDP figure comes after a 0.3% contraction in Q4 2012, which some had feared would lead to another t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Half of local authorities saw less investment from 2018 to 2022

Half of local authorities saw less investment from 2018 to 2022

Report looks at what is holding back infrastructure investment across the UK

Jasmine Urquhart
clock 26 February 2025 • 3 min read
Parliament legislates for new private assets fund structure to unlock pension investment

Parliament legislates for new private assets fund structure to unlock pension investment

Asset managers poised to launch reserved investor fund offerings from 19 March

Jonathan Stapleton
clock 26 February 2025 • 3 min read
Partner Insight: A thoughtful approach to private markets

Partner Insight: A thoughtful approach to private markets

The People's Pension's Dan Mikulskis discusses how private markets can drive long-term growth for pension schemes, but only if costs are controlled.

Dan Mikulskis, The People's Pension
clock 25 February 2025 • 2 min read
Trustpilot