UK Q1 GDP finalized at -2.2%, worst since 1970

<p>UK GDP was finalized at -2.2% qoq in Q1, worse than initial estimate of -2.0% qoq. That’s the largest decline since Q3 1970, which also fell by -2.2% qoq. Over the year, GDP decreased by -1.7% yoy, revised down by -0.1%. Looking at some details, services output fell by a record -2.3%. Household consumption declined […]</p>
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