Britons emerge from recession by shopping more and striking less | Economy

Britons emerge from recession by shopping more and striking less | Economy
Britons emerge from recession by shopping more and striking less | Economy
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Door onze economieredactie

The UK is no longer in recession. After three quarters in which the economy did not grow or even shrank, this year started with the largest growth since 2021. This is due to the absence of strikes and the purchasing behavior of consumers.

The British economy grew by 0.6 percent in the first quarter compared to the previous quarter, according to new figures from the British statistics office. This is the largest growth since the end of 2021, when the economy revived due to the relaxation of corona measures.

The reason for the growth is that consumers are spending more in stores again, partly because inflation puts less pressure on purchasing power.

The absence of strikes in the first quarter also provided a positive impetus. In 2023, groups of British workers stopped working.

According to British economists, the worst is now behind us. That is a boost for Prime Minister Rishi Sunak. When he took office, he promised to ensure economic growth and make the economy healthy again for the first time since the corona pandemic.

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