Economy

Analysis: UK economy still in doldrums, despite exiting recession

The Conservatives are celebrating the latest 0.6 per cent growth in GDP, but the economy is likely to remain sluggish.

Growth remains sluggish, despite new GDP figures representing good news for Rishi Sunak (Getty)

At one recent business event in London, a prominent Irish entrepreneur quipped that the UK "getting back its swagger" could only be good for Ireland and the world.

The latest GDP figures, which saw the British economy grow by a faster-than-expected 0.6 per cent, may not represent a swagger but it's at least a step in the right direction as it exited a technical recession.

For Rishi Sunak, who pledged to grow the economy at ...