U.K. Economy Shrinks for Second Month as Outlook Dims

The U.Ok.’s economic system contracted for the second straight month in April, as surging inflation weakened client spending, and packages designed to include the unfold of Covid-19 have been wound down.

The U.Ok.’s statistics company mentioned Monday that gross home product—a broad measure of the products and providers produced in an economic system—fell by 0.3% from March. Economists had anticipated to see a small enhance in output, following a 0.1% fall within the earlier month.