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Britain's economy unexpectedly shrank in March, marking a weak end to the first quarter of a year when the risk of recession is looming and increasing pressure on the government to offer more ...
The UK economy shrank in September and October, according to the latest growth figures. Restaurants, pubs and retail - sectors which rely on lower-waged staff - reported weaker months, officials ...
The Office for National Statistics said GDP rose by a weaker-than forecast 0.8% in the first quarter after a 0.1% contraction in March. UK economy contracts in March as recession fears grow Skip ...
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
The UK economy is in a “horrible fiscal bind” as it heads for recession with no room to cut taxes or increase public spending to offer a boost, an influential group of economists has said ...
The United Kingdom has slipped into recession just months ahead of a general election, official figures showed Thursday, derailing Prime Minister Rishi Sunak’s pledge to generate economic growth.
In 2023, the Eurozone fell into recession from January to March [223] and also in March, the Eurozone core inflation hit a record 5.7%, the highest level since records began in 2001. [224] On 14 September, the ECB raised the interest rate for the tenth consecutive time to 4%, the highest since the euro was launched in 1999.
Niesr predicts that UK growth will remain close to zero throughout 2023, but avoid a technical recession. UK to dodge recession, but one in four families will struggle with bills – Niesr Skip to ...