UK Recession Ends, GDP Jumps 0.6% in First Quarter

UK GDP jumped 0.6% in the first quarter compared to the previous three months, according to the Office for National Statistics. The figures marked a decisive end to the mildest recession in almost 70 years. Bloomberg's Sam Unsted and Bloomberg Economics' Ana Andrade break down the situation and what this could mean for future interest-rate cut decisions coming from the Bank of England.
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[@tatianastarcic]

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

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[@Srednicki123]

decisive end...yeah, right, maybe let's wait and see

[@Brendan00000]

Fantastic! Hopefully Britain is Booming again

[@kc17131]

Manipulated figures

[@djonfonsteen6331]

War, supporting war and military hardware always helps. Always the same fortunate folk that come out of Hell they cause smelling of roses.

[@SonGoku_dk57]

When did it start...?🤔🫡

[@stephenford2758]

But will have the lowest growth in the G7 in 2025