FX.co ★ United Kingdom GDP Turns Positive with 0.4% Increase in First Quarter 2024

The United Kingdom's Gross Domestic Product (GDP) showed a positive turnaround in the first quarter of 2024, recording a 0.4% increase compared to the previous quarter. This growth follows a -0.2% contraction in the fourth quarter of 2023. The data, updated on 10 May 2024, indicates an improvement in the country's economic performance, signaling potential recovery and stability.

The Year-over-Year comparison reveals a significant shift in the UK's economic trajectory, with the current indicator reaching 0.2% in the first quarter of 2024, compared to the same period a year ago. These figures suggest positive momentum in the economy and provide optimism for future growth prospects in the United Kingdom.