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Bloomberg — Economy — UK Growth — Economics — Finance — Inflation

Britain’s Economy is Stagnating After a Winter of Strikes

UK economy stalls unexpectedly in February due to public service strikes. Risk of recession reduced but growth trails G-7 peers. Reports on inflation and wage growth due next week likely to impact BOE's interest rate decision in May.

1 min read
  • UK economy stalled unexpectedly in February due to strikes in public services.
  • Gross domestic product unchanged from January.
  • Risk of recession reduced but UK growth trails G-7 peers.
  • Consumer belt-tightening continues due to high inflation.
  • Reports on inflation and wage growth due next week likely to impact BOE's interest rate decision in May.
Britain’s Economy is Stagnating After a Winter of Strikes
The UK economy stalled unexpectedly in February when strikes crippled the public services, leaving little hope for a significant improvement in the lead-up to the next general election.
BloombergAndrew Atkinson

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