UK Economy Contracts in 1st Back-to-Back Monthly Decline in 2 Years

UK Economy Contracts in 1st Back-to-Back Monthly Decline in 2 Years
A man working in a factory in the United Kingdom, in an undated file photo. Rui Vieira/PA
Alexander Zhang
Updated:
0:00

The UK economy contracted in both March and April, the first back-to-back monthly decline since the start of the COVID-19 lockdowns two years ago.

According to the latest figures released by the Office for National Statistics (ONS), GDP fell by 0.3 percent in April 2022, after a decline of 0.1 percent in March 2022.