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

63

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 Login para curtir, compartilhar e comentar!

Union Home Minister Amit Shah, CM Yogi Adityanath to distribute appointment letters to 60244 candidates for UP Police constable recruitment

Por 0 1

Education Minister aims to pass School Education Bill by June 29

KATHMANDU: Minister for Education, Science, and Technology, Raghujee Pant, announced today that...

Por 0 7

Air India plane crash: All Boeing 787s to be inspected; DNA testing of victims being done - key takeaways from Centre's 1st briefing on crash

Por 0 15

RBI may cut rates further after brief pause; more liquidity requirement in second half of FY26: Report

The Reserve Bank of India (RBI) is likely to cut interest rates further after a temporary pause,...

Por 0 16

Demand for coffee seedlings surges in gulmi, supply falls short

GULMI: The demand for coffee seedlings has surged in Gulmi, creating a significant supply gap at...

Por 0 30