The UK economy contracted at the start of the year due to the restrictions in place to control the pandemic, but the pace of fall was slower than economist' expectations, data from the Office of National Statistics revealed on Friday.
Another report from the ONS showed that the January monthly fall in goods imports and exports were the largest monthly falls since records began in January 1997.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.