U.K. Economy on Weak Footing at Start of Second Quarter: ChartBy
After matching the weakest growth in more than three years in the first quarter, there are signs the U.K. economy has lost even more momentum. Markit Economics’s services, factory and construction indexes all fell more than forecast in April, a “triple whammy” that indicates a growth rate of just 0.1 percent. The economy is “near stalling,” according to Markit’s Chris Williamson.
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