GDP: UK economy fails to grow during wet April

Comments

• frankPodmore@slrpnk.net ⁨1⁩ ⁨year⁩ ago

  Oh, yeah. We’re all here here on this famously rainy island but, sure, blame rain for the lack of growth. Not the government, of course not.

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• rah@feddit.uk ⁨1⁩ ⁨year⁩ ago

  Lack of economic growth is not failure.

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• CritFail@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Who could have forseen showers in April?!

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• MrNesser@lemmy.world ⁨1⁩ ⁨year⁩ ago

  The government knew this prediction was coming

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• byroon@lemmy.world ⁨1⁩ ⁨year⁩ ago

  GDP is not a good metric

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• autotldr@lemmings.world [bot] ⁨1⁩ ⁨year⁩ ago

  This is the best summary I could come up with:

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  The UK economy failed to grow in April after particularly wet weather affected consumer spending.The Office for National Statistics (ONS) recorded no growth for the month, which was in line with economists’ expectations.The sluggishness comes after the UK economy recorded its fastest growth in two years from January to March, exiting the recession it fell into in the final half of last year.The economy is a key battleground for the main political parties in the run-up to the general election on 4 July.Spending on services grew for the fourth month in a row, but this was off-set by falls in production and in the construction industry.The UK’s gross domestic product (GDP), which measures the value of goods and services produced in a country over time, had grown 0.4% in March.

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  The original article contains 130 words, the summary contains 130 words. Saved 0%. I’m a bot and I’m open source!

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  • wewbull@feddit.uk ⁨1⁩ ⁨year⁩ ago

    It was the weather. Not inflation or the mismanagement of the economy. Definitely the weather.

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    • letsgo@lemm.ee ⁨1⁩ ⁨year⁩ ago

      That is plausible. I read about the most delightfully English thing ever: we were going to have a revolution, everything was set and we were all ready to go, the day arrived but it was pissing it down, so we all collectively said “fuck that” and stayed at home. Brilliant.

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