UK economy shrank by 0.3% in April, fuelling slowdown worries – business live

Business News News

UK economy shrank by 0.3% in April, fuelling slowdown worries – business live
Business Business Latest News,Business Business Headlines

Rolling coverage of the latest economic and financial news, as UK GDP falls for second month running

The latest GDP numbers for April are expected to show a weak economy, battered by the big jump in energy prices, with the index of services forecast to grow by 0.1%, after declining -0.2% in March.

 

And this is the reason why: 'April's fall was driven by the services sector due to the winding down of the NHS's Covid test and trace operation.' From the BBC.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK GDP report for April released as recession fears grow – business liveUK GDP report for April released as recession fears grow – business liveRolling coverage of the latest economic and financial news The rag wallowing in another victory. Expect to see several tweets all saying the same thing
Read more »



Render Time: 2025-01-10 05:33:42