UK economy grows slightly in first quarter but slumps unexpectedly in March
The UK economy marginally grew over the first quarter of the year, according to official data, further easing concerns the UK could soon enter a recession. UK gross domestic product (GDP) increased by 0.1% between January and March, the Office for National Statistics (ONS) revealed. But it came after a 0.3% decrease in March, driven by falls for the retail and wholesale sector while the healthcare sector was also impacted by strike action. Economists had predicted flat growth in March and the 0.1% increase for the quarter. The ONS said growth during the whole quarter was impacted by industrial action.