Business

UK economy stagnated in April

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United Kingdom economy saw no growth in April, according to early official figures from the Office for National Statistics.
This comes after a 0.4 per cent increase in March.
A Reuters poll of economists had anticipated this stagnation, attributing it to wet weather negatively impacting retail sales and construction output.
The ONS reports, indicated that the last GDP update before the election, revealed that April’s rainfall was 155 percent above the long-term average.
The situation created panic among the population as the country battles against inflation.

Written by: bossgmsi

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