3 ms·
While this is a nice bit of news that is "technically correct," the headline makes it sound like a much bigger deal than it is. One quarter doesn't mean the UK
by ageitgey 1y ago
While this is a nice bit of news that is "technically correct," the headline makes it sound like a much bigger deal than it is. One quarter doesn't mean the UK is suddenly taking over the G7.
In Q1, the UK grew at 0.7%, which is slightly more than the expected 0.6% growth and more than the US's 0.3% growth in the same period. But it's also less than Q1 a year ago, which saw 0.9% growth in the UK. And it's nothing compared to the 5.4% growth that China claims in Q1.
These numbers are also pre-US tariffs, which hit some segments of the UK. So growth is expected to be worse in Q2.