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GDP: UK economy unexpectedly contracted by 0.1% in January in blow for Rachel Reeves

2025-03-14 702 Dailymotion

The UK economy contracted by 0.1% in January, according to the Office for National Statistics.Most economists had forecast gross domestic product (GDP) to rise by 0.1% in the first month of the year. For the three months to January, GDP was estimated to have grown by 0.2%, driven by growth in the services sector, the ONS said. #GDP #ONS #RachelReeves