UK Economy Shows Steady 0.1% Growth in Fourth Quarter, Surpassing Expectations

The UK economy unexpectedly grew by 0.1% in the final quarter of 2024, as reported by the Office for National Statistics. Economists had anticipated a 0.1% decline in GDP for the three months leading to December. Annual growth for the UK in 2024 amounted to 0.9%, following a 0.3% expansion in 2023. In contrast, the UK's quarterly growth stands out against the stagnant 0% average in the Eurozone, as well as the 0.1% decline in both France and Germany.