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'Clearly disappointing' as Trump tariffs hit economy

Nottingham Post

June 13, 2025

THE economy saw the biggest monthly contraction for 18 months in April as manufacturing activity pulled back sharply amid a record drop in exports to the US following President Donald Trump's tariff hikes.

Official figures showed gross domestic product (GDP) fell by 0.3% in April, compared with growth of 0.2% the previous month, and marking the biggest contraction since October 2023. It was worse than the 0.1% contraction expected by economists.

Chancellor Rachel Reeves acknowledged that the latest GDP figures were “clearly disappointing,” but insisted her spending review would help deliver growth.

यह कहानी Nottingham Post के June 13, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं? साइन इन करें

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