UK economy sees growth in February, signaling an end to technical recession
In the latest edition of her weekly newsletter, Roula Khalaf, the Editor of the FT, highlights stories that cover the UK economy’s growth in February. The Office for National Statistics reports that the UK economy saw growth for the second consecutive month in February, with a 0.1 per cent increase in GDP between January and February. This growth was primarily driven by expansion in the manufacturing sector.
The recent economic data suggests that the UK may have expanded in the first quarter of the year, signaling an end to the technical recession that began at the end of 2023. This positive trend comes as a boost for UK Prime Minister Rishi Sunak, who aims to strengthen the economy ahead of a potential upcoming general election.
ONS director Liz McKeown noted that the economy had experienced growth over the last three months following a period of decline. Chancellor Jeremy Hunt welcomed the news as a sign that the economy is on the right track, emphasizing the importance of sticking to
