Black & White Bridging's comment on today's GDP monthly estimate

11 April 2025

Damien Druce, chief operating officer at Black & White Bridging said:

“A modest rebound in February’s GDP figures gives a welcome sign that the economy is showing resilience after a shaky start to the year. While growth remains modest and uneven across sectors, even a slight lift provides reassurance that December’s momentum hasn’t entirely stalled. That being said, with different sectors still facing volatility, it’s far too early to celebrate a sustained recovery.

“It would be easier to have faith that construction output will help keep this steady momentum, based on the OBR’s predictions that housebuilding will reach a 40-year high and boost the economy while they’re at it, if they hadn’t admitted ‘significant uncertainties’ over the forecast mere days later. But their initial predictions and the new funding into training workers still provides a glimmer of hope.

“It remains to be seen if Rachel Reeves recent promises will be the shot in the arm the economy needs.”