LOGO
LOGO

European Economic News

UK Economic Growth Improves In April: NIESR

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

UK economic growth quickened in the three months to April from the March quarter, monthly gross domestic product estimates from the National Institute of Economic and Social Research showed Tuesday.

Output grew by 0.4 percent in the three months ending in April after growth of 0.3 percent in the three months to March.

"We expect the slight softening of GDP growth experienced in the first quarter of this year to be temporary and forecast the UK economy will expand by 2.5 per cent for the year as a whole," the think tank said.

On May 6, the NIESR forecast 2.5 percent growth for this year and 2.4 percent next year.

Preliminary estimates from the Office for National Statistics had revealed in April that the U.K. economy expanded 0.3 percent in the first quarter, marking the slowest pace since 2012, reflecting contraction in construction and industrial activity.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update - April 27 – May 01, 2026

May 01, 2026 15:54 ET
Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.

Latest Updates on COVID-19