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

📆 13/06/2022 10:38:00
📰 Guardian news

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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.

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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.

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