UK economy experiences shock contraction in April

The first month of the new financial year saw GDP fall by 0.3%

Elliot Gulliver-Needham
clock • 2 min read
UK economy experiences shock contraction in April

UK GDP shrank by 0.3% in April, coming in below expectations amid fears of an impending recession, according to data released by the Office for National Statistics (ONS).

The ONS today (13 June) said April was the first month that all main sectors (manufacturing, construction and services) have contributed negatively to GDP since January 2021. The drop in GDP was...

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