Evening Standard

What is behind the UK leaving recession and what does it mean?

Source: PA Wire

The UK economy has emerged from recession after official figures revealed growth in the first three months of 2024.

The Office for National Statistics (ONS) estimated that gross domestic product (GDP) grew by 0.6% between January and March.

It meant the economy recovered from a technical recession recorded in the final half of 2023.

Here we look at what the return to economic growth means:

What is a recession?

A recession is defined by two or more quarters

You’re reading a preview, subscribe to read more.

More from Evening Standard

Evening Standard2 min read
Laura Smyth At Leicester Square Theatre Review: Not Just A Comedian, A Phenomenon
Laura Smyth is definitely having a moment. I don't think I've seen a rising star receive such a rapturous welcome in years. Ovations at their end of sets are one thing, ovations at the start are rarer than straight-talking politicians. Yet this ex-t
Evening Standard2 min read
General Election 2024 LIVE: Labour Focuses On Investment Plans As Reform UK To Unveil Manifesto
Rachel Reeves will on Monday highlight Labour’s plans to boost investment and set up a national wealth - as Rishi Sunak returns to the campaign trail and Nigel Farage prepares to unveil Reform UK’s manifesto. The shadow chancellor will pledge to hol
Evening Standard2 min read
England Need Spark At T20 World Cup After Unconvincing Progress Into Super Eights
It was always forecast that England's T20 World Cup defence would not start in earnest until this week, although at times over the past fortnight it looked like it might never start at all. By the skin of their teeth, Jos Buttler's men are still aliv

Related Books & Audiobooks