UK GDP grows faster than expected at 0.7% in first quarter of 2024

ONS GDP growth data revised from initial estimate of 0.6%

Sorin-Andrei Dojan
clock • 2 min read
UK GDP grew by 0.7% in the first quarter of the year, a 0.3% increase compared to Q1 2023
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UK GDP grew by 0.7% in the first quarter of the year, a 0.3% increase compared to Q1 2023

The UK economy has made a rebound following two consecutive quarters of negative growth, beating expectations.

According to data from the Office for National Statistics (ONS), quarterly GDP rose by 0.7% in the first quarter of 2024 (January to March), up from an initial estimate of 0.6%. The rise was mai...

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