One of the sickest economies in the developed world is the UK.
But for a brief moment, the country has reason to celebrate.
UK GDP for Q1 grew at 0.3% vs. 0.1% expected. That means that for now it has avoided the triple dip recession.
This will be a big relief to the government of David Cameron and Finance Minister George Osborne, who have been taking a shellacking with rebukes from the IMF, from the press, from the public, and even the ratings agencies on their economic management.
More to come…