(Reuters) – J.P.Morgan on Friday raised its forecast for UK’s full-year 2023 gross domestic product (GDP) to 0.7% from 0.5% earlier.
The revision reflects a higher growth expectation for the second quarter following a jump in Purchasing Mangers’ Index (PMI) for April.
The bank now expects the economy to grow 1.3% in the current quarter, up from 0.6% expected previously.
(Reporting by Roshan Abraham in Bengaluru; Editing by Shailesh Kuber)
