“The UK economy” grew by 0.1% in Q1/66.

On May 12, 2566, CNBC reported that the UK economy grew 0.1% in the first quarter after an unexpected contraction in March. Economists polled by Reuters expected growth to be unchanged in the first three months of the year. But it is expected to be sluggish in March. This compares to a recorded decline of 3%.

UK growth has been muted so far this year, coming in at 0.4% in January and flat in February. After the economy narrowly avoided a technical recession in 2565,

Inflation continues to The impact on the UK has been more severe than any other major economy, with March figures still above 10%.

The Bank of England on Thursday raised interest rates by 0.25 percentage points to 4.5%, the 12th consecutive increase, in an effort to combat high inflation. If you look at it positively The Central Bank said it no longer expects the UK to enter a recession this year. Although it was previously predicted that this would happen The Longest Recession Ever

The Bank of England now expects UK GDP to be flat in the first half of this year, growing 0.9% by mid-2024 and 0.7% by mid-2025.

refer :https://www.cnbc.com/2023/05/12/uk-economy-grows-by-0point1percent-in-the-first-quarter-but-inflation-continues-to-weigh-.html