The UK economy shrank in May even after the worst of Donald Trump's tariffs were paused, official figures showed.

The new data are at odds with previous predictions. Economists surveyed by Bloomberg forecast a 0.1% increase in GDP for May.

Bank chief says world ‘too unpredictable’ when forecasting UK economic outlook - Andrew Bailey said he viewed domestic issues as more important than global ones when it comes to setting ...

The U.K. economy shrank again in May, data showed Friday. The latest monthly growth figures from the Office for National ...

Trade tensions and fractious geopolitics risk exposing deep fault lines in the global financial system, central bank umbrella body the Bank for International Settlements, said in its latest assessment ...

The World Bank predicts global economic growth will fall to 2.3%, marking the weakest year since the 2008 financial crisis. US tariffs and trade tensions—especially with China—are cited as the ...

Bank chief says world ‘too unpredictable’ when forecasting UK economic outlook Andrew Bailey said he viewed domestic issues as more important than global ones when it comes to setting interest ...