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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 ...
Britain’s economy slipped into a recession at the end of 2023 after output contracted by more than expected in the final three months, according to official figures.
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.
A recession is officially defined as two straight quarters of economic decline. It is the first time the British economy has fallen into recession since the first half of 2020, when output dived ...
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 come out of a short and shallow recession, ... the Bank of England now expects UK GDP to grow 0.5% this year, double the pace it forecast in February. By comparison, last ...
The UK will be in a recession until the end of 2023 as triple whammy of high inflation, low growth and weak investment by businesses weighs down the economy.. The Confederation of British Industry ...
Official data is predicted to reveal that the UK economy contracted for the second quarter in a row in the final three months of last year. UK set to have slipped into recession at end of 2023 ...