UK GDP comes in better than expected but still posts a fall in January

(Kitco News) – UK GDP month on month for January showed a reading of -2.9% better than the expected -4.9% drop, the previous reading came in at 1.2%. Nikesh Sawjani, UK Economist at Lloyds Bank said “In fact, even if the level of activity is now flat across February and March that would result in a decline in Q1 GDP of 2.9%”.