GDP

Neil Woodford has told Investment Week a "fragile" UK economic recovery could yet mean base rates stay at a record low for the next three years.

The strength of Britain's economy is poised to exceed its pre-crash high in the next few months thanks to 'accelerating' growth, the National Institute of Economic and Social Research has predicted.

The pace of the economic recovery in the UK has taken economists by surprise in the last year, prompting a number of upwards revisions for GDP growth.

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Nathan Sweeney, senior investment manager at Architas, says the UK recovery is gaining traction, although several global threats remain.

The US economy has posted disappointing growth figures in the first quarter of the year, slowing sharply to just 0.1% after adverse weather conditions impacted the world's largest economy.

The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.

Analysts expect Q1 GDP growth for the UK to hit 0.9% when the data is released this morning, marking the highest quarterly level since 2010.

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