Britain’s economy contracted in the second quarter as inflation hits households

LONDON – Britain’s economy contracted in the second quarter as households facing runaway inflation cut spending and programs to contain the spread of Covid-19 were halted, presaging tough times for an economy which is expected to enter a long recession.

Britain’s statistics agency said on Friday that gross domestic product – a large measure of the goods and services produced in an economy – fell 0.1% in the three months to June. Economists had expected output to fall 0.2%, after rising 0.8% in the first quarter.


Wj

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