UK GDP shrinks 0.3% in April; Trump’s duties and tax expiry...

Dununu.com Dununu

Patrocinado

UK GDP shrinks 0.3% in April; Trump’s duties and tax expiry hit growth, exports to US plunge by record £2 billion

RSS Feed Business

Postado

109

Britain's economy experienced a sharp 0.3% contraction in April, the largest since October 2023, primarily due to a slump in the services sector and a significant drop in exports to the US following President Trump's tariffs. The decline complicates the Bank of England's monetary policy outlook, potentially delaying anticipated interest rate cuts despite persistent inflation concerns.

Read Full Article

Faça o login para curtir, compartilhar e comentar!

Nayara Energy trade: Russia-backed refinery exports first gasoline shipment after EU sanctions; diesel shipment to follow

Despite EU sanctions imposed in July, Russian-linked Nayara Energy has exported its first...

Por 0 26

‘Statehood must be restored’: Omar Abdullah writes to 42 parties; says people of J&K have waited long enough

Por 0 29

IMD says it issued regular heavy rain warnings to Uttarakhand, keeps mum on exact cause of flash flood

Por 0 28

'Will not call Trump': Brazil's Lula refuses to contact US prez; 50% tariffs remain unresolved

President Lula da Silva refuses to call Donald Trump amid escalating tensions over tariffs and...

Por 0 30

How Columbia’s federal deal could affect your campus job, stipend, or research opportunity

Por 0 35