About: http://data.cimple.eu/news-article/e1648e003b30d1f58405ad9efeafbeb559f24ddb292c8b58ec478618

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rdf:type	schema:NewsArticle
schema:articleBody	Britain's economy contracted by 1.5 percent in the first quarter as the country suffered a fresh coronavirus lockdown, official data showed on Wednesday. The UK however is currently exiting lockdown at a gradual pace, allowing the economy to recover from pandemic fallout. "As we cautiously reopen the economy, I will continue to take all the steps necessary to support our recovery," finance minister Rishi Sunak said in reaction to the data. Despite first-quarter restrictions, the UK enjoyed a growth bounce of 2.1 percent in March, the Office for National Statistics revealed. "The strong recovery seen in March, led by retail and the return of schools, was not enough to prevent the UK economy contracting over the first quarter as a whole, with the lockdown affecting much of the services sector," noted Darren Morgan, ONS director of economic statistics. "However, construction grew strongly over the quarter and, in March, was above its pre-pandemic level." Morgan added that manufacturing recovered strongly in February and March. And following Brexit, "exports of goods to the EU continued to increase in March and are now almost back to their December level", he said. "However, imports from Europe remain sluggish in the first three months of the year, being outstripped by non-EU imports for the first time on record." Britain formally exited the European Union at the start of the year. bcp/wdb
schema:headline	UK economy shrank 1.5% in first quarter: official data
schema:mentions	Morgan Grimes Office for National Statistics Rishi Sunak Brexit Lockdown European Union Pandemic United Kingdom United States Severe acute respiratory syndrome coronavirus 2 Darren Morgan
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	68 (xsd:integer)

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