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NIESR’s gross domestic product rises by 0.6% in three months to May

 

The National Institute of Economic and Social Research (NIESR) released its estimate of gross domestic product (GDP) for the U.K. on Wednesday. The GDP estimate rose by 0.6% in three months to May, after a 0.5% growth in three months to April. The previous three months' figure was revised up from a 0.4% rise.

 

 

The NIESR said that the current estimate is consistent with a rebound of the economic growth in the U.K. in the second quarter, and it expects the U.K. economy to expand at 2.5% this year, and 2.4% next year.



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