UK GDP grows by 0.3% in January

Growth was better than expected but economy is still below pre-Covid size

Elliot Gulliver-Needham
clock • 2 min read
Image: Richard Carter argued that while the UK may have avoided recession so far, “the threat of one remains far from over”.
Image:

Image: Richard Carter argued that while the UK may have avoided recession so far, “the threat of one remains far from over”.

UK GDP grew by 0.3% in January, after falling 0.5% in December 2022, according to the Office for National Statistics.

The stronger-than-expected GDP numbers were boosted by the growth of the service sector at 0.5%, after falling by 0.8% the month before, Office for National Statistics (ONS) data showed. Meanwhi...

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