Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 15 May 2023 - Hunt is still concerned about inflation
Description: Although the UK’s economic performance in the first quarter was nothing to write home about, it was still far better than was forecast just a few months ago.
Q1 GDP grew overall by 0.1%. Construction, which has seen a significant rebound recently grew by 0.7% while the services sector, the major engine for growth in the country grew by 0.5%.
Despite this improvement, the economy is still 0.55% smaller than it was pre-Covid, making it the only country in G7 that is yet to achieve its pre-Pandemic peak.
Month-on-month the economy grew in January and February but fell back in March as strikes by...