The UK’s economy grew at 0.3% in the first three months of the year, official figures have confirmed.
The figure from the Office for National Statistics is unchanged from the initial estimate it gave in April.
It confirms the UK avoided falling into a triple-dip recession, and suggests signs of recovery in the economy.
On Wednesday the International Monetary Fund (IMF) urged the government to do more to stimulate growth as well as continuing austerity measures.
It reflects concerns that UK economic growth has been persistently weak since it first fell into recession following the financial crisis in 2008.
In its commentary accompanying the revised figures, the ONS said GDP growth has been slowed by weakness in the domestic and global markets.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.