UK economy shrinks in January
16 March 2025
The UK economy shrank unexpectedly in January, hampered by a slowdown in the production sector. The latest GDP figures from the Office for National Statistics showed growth fell 0.1%, reversing the 0.4% uptick in growth in December, and below analysts’ forecasts of 0.1% growth. Monthly services output grew by 0.1% in January, adding to...
