© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

UK growth slows as computer chip shortage hits carmaking

GDP expanded by 0.8% in May, which was much weaker than the 1.5% forecast

  • Business live updates: UK economic growth slowed in May
  • Coronavirus – latest updates
  • See all our coronavirus coverage

Britain’s economic recovery stumbled in May when growth slowed to 0.8% after a contraction in building work and a slump in car production.

It was the fourth consecutive month of GDP growth, and followed 2% growth in April, but the slowdown in May was sharper than expected after City economists had forecast a 1.5% increase.

Continue reading…

Related posts

Hong Kong police keep tight control over first authorised protest in years

AEA3

Liz Truss’s law and order policies ‘meaningless’, says police chief

AEA3

Government to spend £9m on Whitehall ‘situation room’

AEA3

Pin It on Pinterest

Share This