Soaring fuel prices likely slowed UK GDP in April

scotsman.com

Britain's April GDP data is expected to show an economic slowdown due to surging fuel prices following the Iran conflict. Retail sales fell sharply in April, with motor fuel sales plunging 10.2%, indicating a squeeze on household incomes and a drag on the services sector. This follows a strong first quarter, but experts predict growth will fade as higher energy costs impact consumers and businesses.


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Soaring fuel prices likely slowed UK GDP in April | News Minimalist