Despite inflation, Britain’s economy is growing in line with expectations

The Office for National Statistics said gross domestic product in the world’s fifth-largest economy rose by 0.8 percent in the first quarter compared to the last three months of 2021.

An earlier preliminary estimate by the Statistics Office had forecast economic growth in the January-March period of 0.8 percent.

The British economy is suffering from the worst economic pain since the seventies, as the country is still suffering after the exit from the European Union and the outbreak of the Corona epidemic.

Britain faces several problems related to slow growth, high inflation, and a series of harmful strikes, while consumer confidence has declined, which analysts have warned may lead to a recession, especially after the repercussions of the Russian-Ukrainian crisis that raised energy prices to record levels.

Inflation in Britain rose to 9.1 percent in May, the highest level in nearly 40 years.

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