The recession of the British economy, dealing a blow to Rishi Sunak’s hopes of recovery

The British economy slumped in April, as signs of recovery from last year’s recession began to fade.

In a blow to Rishi Sunak’s hopes of signaling a strong recovery before next month’s general election, the Office for National Statistics said monthly growth slowed after rising 0.4% in March.

The economy was unable to maintain its momentum after suffering a blow from the faltering manufacturing and services sectors.

Skip the previous newsletter promotion

Economists in the city expected a stagnation in economic activity, according to a Reuters poll.

Figures released last month showed that the economy grew by 0.6% in the first quarter of the year, the strongest quarterly growth rate since the end of 2021.

More details soon…


See also  What do the markets expect for Friday, July 16? - Finance

Leave a Reply

Your email address will not be published. Required fields are marked *