UK economy slightly stronger than expected in 2024

UK economy slightly stronger than expected in 2024

LONDON, United Kingdom — Britain’s economy grew slightly more than initially forecast last year, official data showed Friday, in a hint of good news for the government after it slashed its growth outlook for 2025. Gross domestic product expanded 1.1 percent in 2024, up from an initial estimate of 0.9 percent, the Office for National

The UK's gross domestic product (GDP) grew last year, according to revised official figures. This was a mixed blessing for the Labour government, as the data confirmed that growth slowed significantly after its election in July.

Economic growth in 2024 slightly higher than estimated: ONS

THE UK economy grew slightly more than first estimated in 2024, according to official data released on Friday, providing a small boost for the government after it revised down its growth forecast for 2025.The Office for National Statistics (ONS) said gross domestic product expanded by 1.1 per cent in 2024, up from an initial estimate of 0.9 per cent.The Labour government this week halved its growth forecast for 2025 while announcing spending cut…

UK GDP Revised Upwards For 2024 to 1.1%

The ONS said real annual GDP is expected to have grown by 1.1% in 2024, revised up from the first estimate increase of 0.9%.

Luxembourg’s economic growth for 2024 revised upwards to 1%

Statec says inflation could be affected by next wage indexation scheduled for the second quarter of 2025