UK economy grew 0.6% in first quarter, beating expectations. March saw 0.3% monthly growth despite analysts forecasting contraction amid Iran conflict concerns. The Office for National Statistics credited rebounds in retail, construction, and services sectors including wholesale and computer programming. Economists noted front-loading behavior as businesses and consumers accelerated spending ahead of anticipated supply disruptions and price increases. However, analysts warn momentum may slow as geopolitical tensions continue affecting fuel and energy costs. KPMG's chief economist highlighted pressure on household disposable incomes from rising energy, petrol, and food prices, which could dampen demand in coming months.
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