GDP figures: UK economy grew in January – is the recession over already?

Official figures show the UK economy rose in the first month of the year after falling into a recession at the end of 2023. How long will the recovery last?

view of Canary Wharf
(Image credit: Getty Images)

The UK economy grew by 0.2% in January, raising hopes that the recession may already be over.

Official figures last month showed the UK entered a technical recession in the final quarter in 2023 but data from the Office for National Statistics released today shows tentative signs of recovery.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.