UK Economy Contracts 0.1% in May, Defying Expectations
In a disappointing turn, official Office for National Statistics figures show the UK economy shrank by 0.1% in May, marking the second consecutive monthly contraction, following a 0.3% dip in April . This comes despite economist forecasts predicting modest growth, highlighting a sharp deceleration after a robust Q1 performance. 🔍 Key Drivers: 📈 Quarterly Perspective:…