Today news
About the same in other media
U.K. Economy Shrank in Second Quarter as Inflation Hit Households
Reading now: 696
wsj.comLONDON—The U.K. economy contracted in the second quarter as households facing soaring inflation cut back on spending and programs to contain the spread of Covid-19 were wound down, presaging tough times ahead for an economy that is expected to enter a lengthy recession.
Britain’s statistics agency said Friday that gross domestic product—a broad measure of the goods and services produced in an economy—fell 0.1% in the three months through June. Economists expected a 0.2% decrease in output, following a 0.8% rise in the first quarter.
Read more on wsj.comAbout this in other media
Europe's energy crisis: European nations scramble to help households with soaring bills euronews.com /2 years ago
Just Stop Oil protesters block service stations on M25 in second day of action theguardian.com /2 years ago
Truss poised to plunge UK economy into ‘inflation spiral’, says Sunak theguardian.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
