FTSE 100 Live: Losses ease by the close but inflation fears and weak GDP fuel growth concerns
GDP contracted by 0.1% in March, adding to stagflation fears as the UK economy feels the pressure from rising prices.
The decline was driven by the powerhouse services sector and meant the UK recorded its lowest quarterly growth rate in a year, according to the Office for National Statistics.
The increase of 0.8% for the first three months of the year was weaker than 1.3% in the previous quarter and the 1% expansion forecast.
