Across 2024 as a whole, total GDP grew by 0.9%. Last week the Bank of England halved its forecast for growth in 2025 to 0.75%, although other forecasters such as the National Institute of Economic and Social Research remain more upbeat with a 1.5% growth forecast.

Group CEO of Manx Financial Group, Douglas Grant, described the UK GDP figures as providing some reassurance to businesses and consumers. At the same time,

Economic growth in Malaysia probably softened in the last quarter of 2024 as weakness in manufacturing, agriculture and mining overshadowed strong household spending, a Reuters poll of economists found.

The UK economy unexpectedly grew in the final three months of last year following a boost to the construction and services sectors. The economy expanded by 0.1% between October and December, according to official figures.