The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down.
The U.K.’s statistics agency said Monday that gross domestic product—a broad measure of the goods and services produced in an economy—fell by 0.3% from March. Economists had expected to see a small increase in output, following a 0.1% fall in the previous month.
