The UK economy grew by 1.2% in January, marking a rebound after entering a recession. Increased consumer spending and manufacturing activity contributed to the positive growth. However, uncertainties related to Brexit and the COVID-19 pandemic may hinder the recovery.
The UK economy rebounded in January after slipping into a recession. The country's GDP grew by 1.2% in the first month of the year, driven by increased consumer spending and a boost in manufacturing. This positive growth comes after the UK experienced two consecutive quarters of negative growth, leading to a technical recession.
However, economists warn that the recovery may be short-lived due to ongoing uncertainties surrounding Brexit and the impact of the COVID-19 pandemic.
UK Economy Rebound Recession GDP Growth Consumer Spending Manufacturing Brexit COVID-19
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