The UK economy returned to modest growth in April on strong consumer spending, official data showed Wednesday, stoking hopes it will avoid recession despite high inflation and rising interest rates.
Gross domestic product increased by 0.2 percent in April following a fall of 0.3 percent in March, the Office for National Statistics said in a statement.
Activity was boosted by consumer expenditure on shopping and hospitality, while the reading was in line with market expectations.
“GDP bounced back after a weak March,” said ONS director of economic statistics Darren Morgan.
“Bars and pubs had a comparatively strong April, while car sales rebounded and education partially recovered from the effect of the previous month’s strikes.”
In a dramatic turn of events, top leadership of Pakistan Tehreek-e-Insaf (PTI) has reached…
As PTI convoys from across the country kept on marching Islamabad for the party's much-touted…
Prime Minister Shahbaz Sharif has instructed the speakers of the national assembly and Punjab's provincial…
Following the government's efforts to ease tensions in Kurram, a ceasefire was agreed between the…
In a worrying development, Pakistan's poliovirus tally has reached 55 after three more children were…
Leave a Comment