NIESR estimated that UK GDP grew by 0.1% in Q1, an upgrade from prior forecasts -0.1% contraction. The early forecasts for Q2 sees quarterly growth rate picking up to 0.3%.
Paula Be jar a no Carbo Associate Economist, NIESR said: “The UK economic outlook for the first quarters of this year appears to be more resilient than previously thought, though broadly consistent with the longer-term trend of flatlining economic growth.”
