Home / Market Update / UK Economic Growth Slows in May to 0.8%

UK Economic Growth Slows in May to 0.8%

The British economy slowed down in May 2021 to 0.8%, compared to expectations of 1.5%.

May marks the fourth consecutive month of growth in British GDP, but leaves the economy far from pre-pandemic levels by about 3.1%.

Growth was slower than in April, which was revised down from 2.3% to 2%.

Check Also

WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom

West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious trading …