The UK Economy Faces Significant Challenges Amid Global Turbulence
The latest data presents a concerning picture of the UK economy, marked by a significant contraction in GDP, declining exports, and rising unemployment. These indicators suggest that the momentum towards recovery may falter amidst both global and domestic pressures ... UK economy, Fluctuating numbers, Downturn on the horizon? The recent downturn in the UK economy has raised alarm bells among economists and policymakers alike. April 2025 marked a significant contraction, with GDP declining by 0.3%, the sharpest drop since October 2023. This decline was largely driven by a 0.4% decrease in the services sector, particularly in legal and real estate firms, which had previously benefited from a surge in house sales. The abrupt slowdown has cast doubt on |
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