The UK's GDP unexpectedly fell by 0.1% in January 2025, following a 0.4% growth in December 2024. This decline increases pressure on Chancellor Rachel Reeves ahead of her Spring Statement, where government spending cuts are expected. The production sector was a major contributor to the decline, particularly in manufacturing. Despite a minor growth in services, the overall economic outlook appears gloomy. Market reactions were muted, with concerns over US trade disputes and inflation affecting the UK economy. Teljes cikk (Euronews.com)