UK Economy Contracted in 2Q as Inflation and Ukraine War Took Toll - News Summed Up

UK Economy Contracted in 2Q as Inflation and Ukraine War Took Toll


By Maria MartinezThe U.K. economy contracted in the second quarter, as inflation and uncertainty from Russia's invasion of Ukraine took their toll on the economy. U.K. gross domestic product fell 0.1% from April to June compared with the preceding quarter, the Office for National Statistics said Friday, easing from the 0.8% expansion registered in the first quarter. Economists polled by The Wall Street Journal expected the economy to contract by 0.2%.


Source: Wall Street Journal August 12, 2022 17:52 UTC



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