Fact check: UK quarterly GDP outpaced the US, but annually it fell behind
==========
In the first quarter of 2024, the UK economy grew 0.6% quarter-on-quarter, but only 0.2% year-on-year. Prime Minister Rishi Sunak stated that the UK's economy is outpacing Germany, France, and the United States. However, when comparing growth levels over the past year, the UK's economy has outpaced Germany but is well behind both the US and France. Forecasts by the International Monetary Fund suggest that the UK will grow more slowly than the US and France this year. Between the fourth quarter of 2023 and the first quarter of 2024, UK GDP rose by 0.6%, faster than the US, Germany, and France. However, when comparing the first quarter with the same period a year earlier, the UK lagged behind. Year-on-year GDP rose just 0.2% in the UK, better than Germany but well below the US and France. The IMF forecasts that the UK's economy will grow 0.5% this year, while Germany will grow 0.2%, France will grow 0.7%, and the US will grow 2.7%.
https://www.expressandstar.com/news/uk-news/2024/05/24/fact-check-uk-quarterly-gdp-outpaced-the-us-but-annually-it-fell-behind/
Express & Star /
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2024-05-24 12:24:20
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2024-05-24 12:24:20Event JSON
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"content": "Fact check: UK quarterly GDP outpaced the US, but annually it fell behind\n==========\n\nIn the first quarter of 2024, the UK economy grew 0.6% quarter-on-quarter, but only 0.2% year-on-year. Prime Minister Rishi Sunak stated that the UK's economy is outpacing Germany, France, and the United States. However, when comparing growth levels over the past year, the UK's economy has outpaced Germany but is well behind both the US and France. Forecasts by the International Monetary Fund suggest that the UK will grow more slowly than the US and France this year. Between the fourth quarter of 2023 and the first quarter of 2024, UK GDP rose by 0.6%, faster than the US, Germany, and France. However, when comparing the first quarter with the same period a year earlier, the UK lagged behind. Year-on-year GDP rose just 0.2% in the UK, better than Germany but well below the US and France. The IMF forecasts that the UK's economy will grow 0.5% this year, while Germany will grow 0.2%, France will grow 0.7%, and the US will grow 2.7%.\n\n\n\nhttps://www.expressandstar.com/news/uk-news/2024/05/24/fact-check-uk-quarterly-gdp-outpaced-the-us-but-annually-it-fell-behind/",
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