Economy
Economy unexpectedly grows by 0.1% in Q4
The services sector increased by 0.2% in output terms over the period, while construction grew by 0.5%
Britain’s economy unexpectedly grew in the final quarter of 2024, according to new figures from the Office for National Statistics, easing pressure on chancellor Rachel Reeves.Gross domestic product (GDP) rose by 0.1% in the fourth quarter of 2024, after zero growth the previous quarter, beating forecasts of economists and the Bank of England who predicted a decline of 0.1% for the period.
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