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The British economy was unexpectedly narrowed in May.
The most recent monthly growth figures from the office for national statistics have signed a total of 0.1% monthly contract in May in May. Analysts questioned by Reuters have expected to expand 0.1%.
Weakness decreased by 0.9%, 0.6% and focused on construction, 0.9% and construction. The figures will be a blow to the Minister Rahilah Rahs, who rebooting economic growth and Reduce the UK budget deficit Its main purpose.
The latest information increased by 0.3% in April When internal tax rises and US President Donald Trump tariffs announced Both trade partners and rivals are the same. Tariffs sent the global markets in the global markets and created an uncertainty of a widespread business.
As for the services of the British, when it comes to the exchange of goods, even if there is a less balanced trade connection with the United States, 10% were hit with “mutual tariff” compared to England, According to ons trade data for 2024.
Britain has since then hit a trade agreement with the United States. However, to be the first country to continue for other trading partners for another trade talks, Including the European Union, which is still waiting for the signing of a trade agreement with Washington.
Despite the comfort of the US trade deal, the British faces internal economic headlines and expanding 0.7% in GDP (Trump’s trading tariffs are expected to be repeated in the next quarter. The second quarter (Q2) first estimate of GDP will be on August 14.
Instead of economists expect growth to slow down in the rest of the year Weak Work Market And the ongoing economic uncertainty, the Bank of England forecasts a 1% growth rate in 2025.
Suren Thiru, Economy Director Suren Thiru at the Institute of Economy, Economic Director, Boe, which was reduced to August from August, said in a Friday’s celebration Inflation figures rose over 3%.
“These deceased figures are undoubtedly, creating concern over the health of the British economy, which lead to construction and production activities in general access to construction and production activities, he said in statements about the email.
Boe reduces up to 4.25% to 4.25% to 4.25% to 4.25% over the past year, reduces the main rate from 4% to 2% during this period. The money market price until Friday offers the possibility of approximately 80%.
England Bank Governor Andrew Bailey Explained CNBC at the beginning of this month “The path of interest rates will continue to go down gradually,” the August policy was not on time to call.
Sanjay Raja, Deutsche Bank’s head, the United Kingdom economist, both Boe’nin and the second quarter increased by 0.25% in the second quarter, more than 0.1% of their expectations were expressed.
However, the economy was not “aggravated”, including strongest home and business effects, healthy credit conditions and index figures of the latest purchase managers.
“But we will need to improve a global production for the sector Kickstart. This is not great for the economy of England,” Raja said.