The United Kingdom's economy grew by 0.4 percent in 2023, after a growth rate of 4.8 percent in 2022. 8.6 percent in 2021, and a record 10.3 percent decline in 2020. During the provided time period, the biggest annual fall in gross domestic product before 2020 occurred in 2009, when th...
In some ways, the UK economy has successfully recovered from the sudden shock of the pandemic. An annual GDP growth rate of 8.7 percent was recorded in 2021, while the labor market bounced back very strongly, with very low levels of unemployment in 2022. The inflation rate, by contrast, ...
"The economy recorded no growth for the second month running, though longer term strength in the services sector meant there was growth over the last three months as a whole," Liz McKeown, director of economic statistics at the ONS, said. The U.K. economy had recorded modest but steady ...
BRITAIN'S economy expanded at a faster pace than first thought, with growth of 0.3% in the first quarter of the year, official figures revealed yesterday.The Office for National Statistics (ONS) revised up its estimate for growth of gross domestic product (GDP) in the first quarter from an...
LONDON, Jan. 11 (Xinhua) -- The British economy continued its pre-Brexit slowdown in the GDP growth rate, with the rolling three-month rate continuing to decline from a peak seen in the summer, according to official figures released on Friday. ...
The U.K. economy showed a surprise contraction in September and only marginal growth in the third quarter, initial figures showed Friday.
LONDON (ICIS)–The UK economy grew at a slower rate than initially thought in the second quarter, according to revised GDP figures from the Office for National Statistics (ONS) on Monday. The official statistics agency revised down quarterly GDP growth to 0.5% from...
The British economy has enjoyed just modest performance since the Brexit referendum in June 2016 set the country on a path to leave the 28-nation bloc, with economic growth rate languishing near the bottom of the table of G7 advanced nations. ...
In Q323, the UK economy recorded zero growth in q-o-q terms, which followed an expansion of 0.2% q-o-q in Q2. While this outcome differed from the 0.1% q-o-q expansion which
Chancellor Jeremy Hunt said: "The UK has grown faster than France and Germany since the pandemic and today's data shows the economy is more resilient than expected. While this is a good sign, we still need to tackle inflation so we can unlock sustainable growth." ...