April Data Points to 2Q Slump for UK Economy

Twoquid, cc Flickr Cristiano Betta, modified, https://creativecommons.org/licenses/by/2.0/

The United Kingdom economy surprised on the downside on Monday, posting GDP results that have investors newly worried about the lasting impacts of Brexit.

According to the Office for National Statistics, GDP contracted by 0.4% in April – the largest one-month drop since March 2016. It comes after a 0.1% contraction was recorded in March.

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