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Sunak's Hopes For 'Bounceback' Fade As UK Economy Flatlines In April

The Guardian

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June 13, 2024

The UK economy flatlined in April, held back by wet weather, as the signs of a recovery from last year's recession began to fade.

- Phillip Inman

Sunak's Hopes For 'Bounceback' Fade As UK Economy Flatlines In April

In a blow to Rishi Sunak's hopes of signalling a strong bounceback before the general election on 4 July, the Office for National Statistics (ONS) said monthly growth stalled after a 0.4% increase in March.

The economy was unable to maintain its momentum after being weighed down by the struggling retail sector, a downturn in manufacturing and a drop in construction output.

The 0% growth figure matched the forecast by City economists, who blamed the heavy rain for the lack of shoppers and the difficulties faced by workers on building sites.

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यह कहानी The Guardian के June 13, 2024 संस्करण से ली गई है।

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