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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 ...
The inflation rate for countries using the euro was 2.4% in December 2024, up from 2.2% in November. In June, the European Central Bank (ECB) cut its main interest rate from an all-time high of 4% ...
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The result was clearly measured: the UK averaged 1.8% annual growth between 1873 and 1913, while the United States and Germany averaged 4.8% and 3.9% per annum respectively. [148] Historians have criticised cultural and educational factors for contributing to a decline in the "entrepreneurial spirit" which had characterised the Industrial ...
The UK economy grew by 0.1% last year and is expected to see growth improve to 0.4% this year, although this is below the 0.7% previously predicted.
Uk inflation history inflation hit 24% in 1975 and in 1976 the Sterling crisis occurred, followed by the Winter of Discontent [2]. The traditional measure of inflation in the UK for many years was the Retail Prices Index (RPI), which was first calculated in the early 20th century to evaluate the extent to which workers were affected by price changes during the First World War.
The Office for National Statistics said consumer price inflation rose by 2.6% in the year to November, up from 2.3% the previous month. ... UK inflation increase solidifies expectations interest ...
This sub-template returns the associated country's GDP deflator for a specific year. It is used by {{Inflation/UK-GDP}} for calculating the inflation rate between two given years, which in turn is used by {} to calculate inflated values. It usually isn't meant to be called directly.