Economists polled by Bloomberg expect the UK economy to have returned to growth in June after two consecutive months of declines, predicting that Office for National Statistics (ONS) data due this week will reveal growth of 0.2%. This comes after the economy contracted by 0.3% in April and 0.1% in May. The experts also expect the ONS figures to show growth of 0.1% in Q2. This would mark a fall compared to the 0.7% growth in GDP recorded in Q1, which Barclays economist Jack Meaning noted was largely driven by “temporary factors,” including an increase in activity before tariffs and taxes were hiked.
Economists expect economy to rebound
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