The UK economy unexpectedly stalled in February with the country facing more strikes as a cost-of-living crisis erodes the value of wages, official data showed Thursday.
The zero-growth performance followed a 0.4-per cent expansion in January, the Office for National Statistics said, while the latest reading was worse than analyst expectations.
Darren Morgan, director of economic statistics at the ONS, said public-sector strikes including by teachers hit output, while "unseasonably mild weather led to falls in the use of electricity and gas".
However, construction picked up after a "poor" January and retail won a boost as many shops had a "buoyant month", he added.
Britain's economy had rebounded in January after narrowly avoiding recession in the last three months of 2022.
The government and Bank of England say they expect the country to dodge a recession this year despite the cost-of-living crisis as UK inflation remains above 10 per cent.
Once ramped up, the new centres are expected to each generate annual revenue of up to Dh200 million
Many residents opt for it in times of financial crunch and other urgent personal needs
Rents are projected to continue the upward trend across the country in 2024
The number of transactions carried out witnessed a significant increase compared to last year
The 57,000 sqm facility incorporates advanced technologies that include automated sort systems
Report notes that the GCC banking sector has experienced steady growth due to infrastructure projects, economic diversification efforts