UK Economy Faces Slowdown as Construction Sector Takes a Hit

Wednesday, 12 June 2024, 06:09

The UK economy experienced a setback in April as construction output plummeted, causing overall growth to stagnate. Economists had anticipated this slowdown, following a solid expansion of 0.4% in March. The decline in construction activity has raised concerns about the resilience of the economy moving forward.
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UK Economy Faces Slowdown as Construction Sector Takes a Hit

UK Economy Stalls in April

The UK economy faced a slowdown in April as construction output registered a significant decline, resulting in stagnant growth.

Foreseen Slowdown

Economists had predicted this outcome, after a period of robust growth in March.

Construction Sector Impact

The sharp drop in construction activity has prompted worries about the country's economic resilience.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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