Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
UK economy shrinks for 2nd month in a row
Financial Express Delhi
|July 12, 2025
Britain's economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates growing global turbulence.
Gross domestic product shrank by 0.1% after a 0.3% drop in April, the Office for National Statistics said.
Economists polled by Reuters had mostly forecast that gross domestic product would rise by 0.1% from April's level. And while the services sector eked out a sliver of growth, declines in industrial output and construction dragged down overall output.
Following a growth surge early in the year, Britain's economy could now be facing flat or weaker growth than previously expected for the April-to-June period, economists said.
This story is from the July 12, 2025 edition of Financial Express Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Delhi
Financial Express Delhi
Ready, set, game!
The gaming market is abuzz with powerful new launches, be it speedier mouses, monitors with enhanced displays, or cloud-based systems
3 mins
April 19, 2026
Financial Express Delhi
DishTV board nod to appoint directors
DISH TV, A direct-to-home (DTH) service provider, has received shareholders’ nod for the appointment of three independent directors to the company’s board, according to exchange filings.
1 min
April 19, 2026
Financial Express Delhi
Apple defeats bid to ban import of new Apple Watch in US
AUS TRADE tribunal ruled for Apple on Friday against a bid from medtech company Masimo to reinstate an import ban on the tech giant's Apple Watches.
1 min
April 19, 2026
Financial Express Delhi
'Crushed women's dreams'
MODI SAID WOMEN had seen how parties like the Congress, the TMC and the DMK \"celebrated their selfish politics\" against women's empowerment.
1 min
April 19, 2026
Financial Express Delhi
ICICI Bank Q4 PAT up 8.5%
ICICI BANK'S NET profit for the quarter ended March grew 8.5% on year to %13,702 crore, due to a sharp fall in provisions and contingencies and an improvement in asset quality.
1 min
April 19, 2026
Financial Express Delhi
Progressive leaders defend liberal order in Spain
15 countries, along with the UK, join Global Progressive Mobilisation
1 min
April 19, 2026
Financial Express Delhi
Cabinet gives nod to $1.4-bn maritime insurance backstop
WITH INSURANCE BECOMING scarce amid the West Asia crisis, the Cabinet on Saturday approved a $1.4-billion (₹12,980 crore) sovereign guarantee to back a new industry-led pool that will cover maritime risks, including hull and machinery, cargo, protection and indemnity (P&I), and war risk.
1 mins
April 19, 2026
Financial Express Delhi
Jet fuel surge may cancel more flights
Global capacity for May reduced by 3 percentage points
2 mins
April 19, 2026
Financial Express Delhi
An electrifying revolution on three wheels
Two-thirds of all 3-wheelers sold in FY27 to be electric
2 mins
April 19, 2026
Financial Express Delhi
Poisoned arrows shot down
BJP MPs and others raise slogans during a protest after the Constitution Amendment Bill was defeated during the Special session of Parliament
3 mins
April 19, 2026
Listen
Translate
Change font size