UK Economy Shrinks Unexpectedly in May
Fresh setback raises concerns about fragile recovery
The UK economy posted an unexpected contraction in May, dealing a blow to government hopes of sustained growth.
Analysts warn the decline highlights underlying weakness in consumer spending and investment, and could increase calls for fiscal stimulus or Bank of England rate cuts to support the recovery.
Analysts warn the decline highlights underlying weakness in consumer spending and investment, and could increase calls for fiscal stimulus or Bank of England rate cuts to support the recovery.
