Britain’s First-Quarter Weakness Should Prove Temporary: Chart

(Bloomberg) -- Britain’s economy almost stalled at the start of the year, but Bloomberg Economics expects that weakness to prove temporary and sees growth rebounding sharply in the second quarter. The slowdown is unlikely to feed through to the labor market and the growing confidence that the economic expansion is back on track should prompt the Bank of England to raise interest rates in August, according to the research.

To contact the reporters on this story: Dan Hanson (Economist) in London at dhanson41@bloomberg.net, Jamie Murray (Economist) in London at jmurray126@bloomberg.net.

To contact the editors responsible for this story: Sheldon Reback at sreback@bloomberg.net, Zoe Schneeweiss

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