UK GDP falls for second month running; stocks and pound slump amid recession fears – as it happened
by Graeme Wearden from on (#609PN)
Pound hits one-month low after UK GDP falls 0.3% in April and European stock markets drop to three-month lows
- Latest: Wall Street opens in bear market amid recession fears
- BREAKING: GDP fell by 0.3% in April, after 0.1% fall in March
- Services, production and construction all contracted
- ONS: winding down NHS Test and Trace hit GDP
- CBI warns of recession risk without government action
April's UK GDP report is weaker than forecast, points out Andy Bruce of Reuters...
Economist Jumana Saleheen agrees it's a negative surprise:
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