Britain's Economy Shrinks Unexpectedly
Update: 2025-12-12
Description
Britains economy unexpectedly contracted by 0.1% in the three months leading up to October, marking the first decline since the pandemic. This contraction was driven by weaknesses in the services sector, construction, manufacturing, and retail. The British pound fell against the US dollar, and investors now expect the Bank of England to cut interest rates in mid-December. Despite these challenges, the finance ministry remains committed to creating good jobs.
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