Tag: unexpectedly
Reeves says latest GDP figures ‘disappointing’ after economy unexpectedly shrinks for second month
The UK economy shrank unexpectedly in May, contracting for the second month in a row. The economy contracted by 0.1%, the Office for National Statistics (ONS) said, confounding analysts who expected to see slight growth. The government has made boosting economic growth a key priority and Chancellor Rachel Reeves said the latest figure was “disappointing”.…