In an opposite trend to what experts forecasted, the ONS declared today that UK’s economy shrank in 0.2 percent in the first three months of the year, and with that, the technical recession of two consecutive quarters with a negative growth.
After a fell in the output of 0.3 percent in the period October-December, economists had a piece of hope for the beginning of this year, and that is the reason why they expected a growth, modest, but real, of 0.1 percent. Instead, the construction sector, the main sector that has been deeply analyzed in this column, has struggle to maintain and recover the pre-crisis performance..... Money Expert - Read More
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