UK Annual Growth Beats Forecasts in World Economy News 15/05/2026 The UK economy expanded by 1.1% year-over-year in Q1 2026, accelerating from 1.0% in the previous quarter and surpassing market expectations of 0.8%, according to preliminary estimates. Growth was driven by a 1.4% rise in services output, while production remained flat and construction declined by 1.3%. On the expenditure side, household consumption grew by 0.9% (up from 0.5% in Q4 2025), and government spending increased by 1.4% (from 1.0%). However, gross fixed capital formation slowed to 0.5% (down from 4.0%), partly due to a drop in business investment. Net trade weighed on growth as imports outpaced exports. Source: Trading Economics 2026-05-15 hellenicshippingnews... tweet Share