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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 ...
Many back to school sales were delayed or experienced lesser sales than previous years as uncertainty after changes in the school year led to increased unease over buying unneeded supplies. [62] [63] The discount department store chain, Stein Mart, filed for bankruptcy on August 12. By the end of October 2020, all stores had finished the ...
Data from the Office for National Statistics indicates the UK economy grew by 0.3% in November 2023, having retracted by the same amount the previous month, meaning the UK avoided going into recession, although the risk of doing so remains. [53] The government defends spending £27,000 replenishing its wine cellar during the COVID-19 pandemic. [54]
Annual UK inflation came in at 3.2% last month, a sharp slowdown from a rate above 10% about a year ago. The central bank targets a rate of 2% and expects to more or less reach it in the next few ...
The inverted yield curve—a recession indicator with a decades-long track record of accuracy—has evolved beyond serving as a warning of a future downturn and now sways the economy, its creator ...
No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025. In 2024, the world's central banks were ...
Back-to-school sale at a Walmart. In merchandising, back to school is the period in which students and their parents purchase school supplies and apparel for the upcoming school year. [1] At many department stores, back-to-school sales are advertised as a time when school supplies, children's, and young adults' clothing go on sale.
The UK entered a technical recession in the final six months of 2023. [210] [211] Germany's inflation rate reached 11.7% in October 2022, the highest level since 1951. [212] In 2023, Germany fell into recession from January to March due to persistent inflation. [213] In France, inflation reached 5.8% in May, the highest in more than three ...