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UK Economy Surges 0.7% in Q1 2025, Outpaces Forecast

5/15/2025

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Summary

Story summary

The UK economy expanded by 0.7% in Q1 2025, marking its fastest growth in a year.
This growth surpassed the 0.6% forecast by economists and the Bank of England.
Monthly GDP increased by 0.2% in March, a decrease from February's 0.5%.
Year-over-year, the economy has grown by 1.3%.

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Story summary

The UK economy expanded by 0.7% in Q1 2025, marking its fastest growth in a year.
This growth surpassed the 0.6% forecast by economists and the Bank of England.
Monthly GDP increased by 0.2% in March, a decrease from February's 0.5%.
Year-over-year, the economy has grown by 1.3%.