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Stock impact report

UK exits recession in ‘fragile' recovery ahead of election [CNN]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: CNN
London CNN — Gross domestic product grew 0.6% in the first three months of the year compared with the previous quarter, data from the Office for National Statistics (ONS) showed Friday. The increase follows falls of 0.3% in the fourth quarter and 0.1% in the third quarter of last year. A recession is commonly defined as two consecutive quarters of economic contraction. The expansion early this year was driven by “widespread growth” in the dominant service sector, where output ticked up 0.7% during the quarter after dipping late last year, the ONS said. According to projections published Thursday, the Bank of England now expects UK GDP to grow 0.5% this year, double the pace it forecast in February. By comparison, last year, GDP increased by a measly 0.1%. There are other signs the economy's prospects are brightening. In April, combined output in manufacturing and services recorded the strongest rise in almost a year, according to a survey of purchasing managers compiled b Show less Read more
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