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UK avoids triple-dip recession

A triple-dip recession has been averted as the economy grew by 0.3% in the first three months of the year, according to preliminary estimates. The Chancellor George Osborne has said it is "an encouraging sign the economy is healing".

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ONS: GDP rise driven by growth in services sector

The largest contribution to the rise in GDP in the first three months of this year came from the services sector, which grew by 0.6 percent.

There was also a small upward contribution from production and especially mining and quarrying.

These upward contributions were partially offset by construction, which fell by 2.5 percent.

GDP and main sectors since 2000 Credit: Office for National Statistics

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