Britain achieved the strongest growth of all G7 nations in the first half of this year, after new GDP data out today confirmed, in the widely cited words of KMPG’s chief economist, “another gangbusters quarter”.
The UK economy grew by 0.6 per cent in the three months to June, in line with economists’ expectations, following another strong expansion of 0.7 per cent in the first three months of 2024. Meaning Britain is firmly out of the recession which it entered at the end of last year, after the economy shrank for two consecutive quarters.
Growth was led by the services sector, with production in scientific research, the IT industry and activity in law firms driving the expansion in particular.
