UK GDP increased by 0.1% in Q1

UK economy avoids recession but still vulnerable to further inflationary pressures

Elliot Gulliver-Needham
clock • 2 min read
The ONS said there had been no growth in household consumption throughout the quarter
Image:

The ONS said there had been no growth in household consumption throughout the quarter

The UK recorded a 0.1% increase in GDP in Q1 according to the Office for National Statistics (ONS), which has revealed the fragile economic conditions of the country.

The ONS reported today (12 May) that GDP fell by 0.3% in March, which when combined with 0.5% growth in January and flat growth in February, matched the 0.1% growth from the final quarter of 2022. ...

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