Britain’s economy grew much faster than expected in February — before Donald Trump’s tariffs crusade brought turmoil to global markets and stoked recession fears.
Gross domestic product rose 0.5% after a stagnant January — itself revised up from a previously estimated 0.1% decline, the Office for National Statistics said Friday. It was well above the 0.1% gain predicted by economists, with all the main sectors posting increases.
While the figures provide some relief for the Labour government, the respite could be fleeting as the White House started to upend the global economic order with a slew of tariff announcements in March and April.
Also Read: Bilateral deals on the rise amid global uncertainty: FM Sitharaman in London
Gross domestic product rose 0.5% after a stagnant January — itself revised up from a previously estimated 0.1% decline, the Office for National Statistics said Friday. It was well above the 0.1% gain predicted by economists, with all the main sectors posting increases.
While the figures provide some relief for the Labour government, the respite could be fleeting as the White House started to upend the global economic order with a slew of tariff announcements in March and April.
Also Read: Bilateral deals on the rise amid global uncertainty: FM Sitharaman in London
