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Azad Zangana, Senior European Economist and Strategist at Schroders, comments on the improvement in UK first quarter growth, and its sustainability moving forward:
- UK Gross Domestic Product (GDP) growth bounced back to 0.5% in the first three months of 2019
- Stockpiling has driven the growth and caused a sharp rise in imports
- Schroders expects the UK economy to slow in the coming quarters as Brexit uncertainty persists
UK economic growth bounced back at the start of this year, having slowed markedly in the final quarter of 2018. Real GDP growth grew by 0.5% quarter-on-quarter (q/q) in the first quarter of 2019, compared to 0.2% in the previous three months. Growth was in line with consensus expectations on a quarterly basis, but...
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