The British economy expanded 0.7 percent in the first quarter, exceeding expectations and providing a batch of work before the impact of Donald Trump’s tariff.
The gross domestic product number was on Thursday for the first three months of the year higher than both expectations of 0.6 percent by economists in a Reuters poll and expanding 0.1 percent in the fourth quarter.
The economy grew 0.5 percent in February and 0.2 percent in March, according to the National Statistics Office. Economists did not expect any growth for the month of March.
Thursday numbers are based on the data collected before Trump’s announcement on April 2 of the definitions of countries around the world, including 10 percent duties on imports from the United Kingdom.
Many economists say the definitions will reach global growth, although Trump has declined many of them.
While Washington and London agreed to a limited trade agreement last week – reducing the customs tariff for car and steel exports in the United Kingdom to the United States – a 10 percent apartment fees remain in force.
The work government says that growth is the highest priority, although its critics accuse it of slowing the economy with measures such as increasing national insurance contributions to employers that came into effect last month.
The Bank of England has already warned that the growth of the first quarter is likely to be “much higher”, the basic economic momentum in the United Kingdom, highlighting the weak productivity and high borrowing costs.
The GDP in the UK is compared to the first quarter of this year with 0.4 percent expansion in the eurozone during this period and reduced 0.1 percent in the United States – numbers distorted by increasing imports
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