British Economy Sputters And Struggles Through First Quarter
- The British economy grew a paltry 0.1% from January through March.
- Several sectors actually declined, while construction and technology services were the only areas of growth.
- Major strikes significantly hampered economic activity across the country.
- The economy remains smaller than before the pandemic and is projected to barely expand through June.
- Growth is expected to pick up slightly in the coming years but still remain tepid, according to the Bank of England.