According to Jinshi, Capital Economics economists said that the UK's GDP data for early 2024 supports the view that the economic recovery will be stronger than most forecasters expect, although this will not prevent the Bank of England from cutting interest rates later this year. The economy grew unexpectedly strongly by 0.4% month-on-month in March, the fourth increase in five months, indicating that economic growth momentum is better than previously expected, and early indicators show that growth in April is also strong. This may mean that the Bank of England does not need to rush to cut interest rates, but the timing of the cut will ultimately depend on the upcoming inflation and labor market data.