‘UK remains weak but the threat of recession is over’
According to the National Institute of Economic and Social Research, the threat of recession has gone, but the UK’s recovery remains fragile.
The economy grew just 0.3pc in the three months to the end of April. The latest GDP figure from the National Institute showed a slowdown in month on month growth, which it said demonstrated a ‘picture of continued weakness in the UK economy’. The National Institute of Economic and Social Research said that although growth was likely to remain sluggish, the threat of recession was over.