The UK economy will narrowly avoid falling into recession, according to research out today. The Ernst & Young Item Club quarterly forecast said that despite a raft of bleak economic indicators ...
New data has revealed that while the UK did enter a recession last year, it was slightly less severe than financial experts thought. The Office for National Statistics (ONS) has released revised ...
By David Milliken and William James LONDON (Reuters) – Britain’s economy ... lengthy recession, starting in the first quarter of this year and lasting five quarters. “The UK avoided a ...
The economy shrank by a larger than expected 0.3% between October and December, after it had already contracted between July and September. The UK is in recession if it fails to grow for two ...
However, Scotland has dodged a recession, even with the economy shrinking by 0.6 percent from October to December. The UK's GDP dropped by 0.3 percent during the same period, tipping the country ...
The U.K. economy sank into a recession in the final six months of 2023, marking it out as one of the weakest performers among developed nations, hit by high inflation and interest rates that ...
LONDON, March 28 (Reuters) - Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters ...
The UK economy officially entered into a recession at the end of 2023, according to data from the Office for National Statistics (ONS). Figures show the economy contracted by 0.3 per cent in the ...
In a surprising turn, the UK's unemployment rate has climbed to a six-month peak of 4.2%, signalling a cooling labour market.
The UK economy rebounded at the start of the year and is likely to have left recession already after figures released on Wednesday showed modest growth in January. Data released by the Office for ...
The UK economy fell into recession during the final three months of 2023, according to official figures. However, the Bank of England has since suggested that the downturn might already be over.
Two quarters in a row of an economy shrinking is typically considered the definition of a technical recession. But the revised figures still came below expectations, as some economists had ...