The British economy recovered more than initially estimated in the first quarter, the latest data from the Office for National Statistics showed on Friday.
Gross domestic product grew 0.7 percent from the fourth quarter, when the economy shrank 0.3 percent. In the initial estimate, the rate of expansion was 0.6 percent.
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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.