Core Insights - The UK economy achieved its strongest quarterly growth in a year, with a GDP increase of 0.7% in Q1, up from 0.1% at the end of 2024 [1] - March alone saw a 0.2% economic growth, contrary to economists' predictions of stagnation, indicating resilience among businesses and consumers prior to tax hikes and global tariffs [1] - Strong growth in the services and construction sectors offset a sharp decline in manufacturing [1] Economic Performance - The UK GDP growth of 0.7% in Q1 marks a significant acceleration compared to the previous quarter's growth rate [1] - The economic performance in March, with a growth of 0.2%, exceeded expectations, showcasing a positive trend before the implementation of tax increases and tariffs [1] Sector Analysis - The services and construction industries demonstrated robust growth, which played a crucial role in supporting the overall economic performance [1] - In contrast, the manufacturing sector experienced a notable downturn, highlighting sector-specific vulnerabilities [1] Future Outlook - KPMG's chief economist, Yael Selfin, cautioned that the current growth surge is likely to be short-lived due to adverse domestic and global factors impacting business activities [1] - Expectations indicate a slowdown in growth as tariffs come into effect, suggesting potential challenges ahead for the UK economy [1]
英国经济创下一年来最佳季度增长
news flash·2025-05-15 06:56