Although on an annual basis, the UK economy grew slightly in 2023, the UK entered 2024 in recession following two quarters of negative economic growth at the end of 2023. After a huge 10.4 percent fall in GDP in 2020, economic growth rates were relatively strong during a period of economic...
GDP (Q/Q %)0.00.10.10.00.20.20.40.30.5 Consumer Spending (Q/Q %)0.00.10.00.00.20.30.30.20.5 CPI Inflation (Y/Y %) 8.46.94.742.42.227.52.7 Core Inflation (Y/Y %) 6.96.65.95.33.42.62.46.43.4 Unemployment Rate (%) 3.94.14.24.44.44.44.54.04.4 ...
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 qu...
Alex Waters
The UK's gross domestic product (GDP) fell 0.1 percent in the third quarter of 2023, and shrank by 0.3 percent in October. The central bank expects the country's GDP to be broadly flat in the fourth quarter of 2023 and 2024, and then have a paltry 0.25 percent growth in 2025. ...
At its current level, the PMI is broadly indicative of GDP growing at a quarterly rate of 0.1%, according to historical comparisons, though is consistent with GDP having largely stalled over the fourth quarter as a whole. Jobs cut for fourth month running ...
Government borrowing falls from 4.5% of GDP in 2023/4 to 3% next year, 2.7% in 2025/6, 2.3% in 2026/7, 1.6% in 2027/8 and 1.1% in 2028/9. "That also means we meet our second fiscal rule, that public sector borrowing must be below 3% of GDP not just by the final year, but...
GDP expands 0.2% from previous three months in stronger than expected performance July 13 2023 UK economy UK economy contracts 0.1% in May amid interest rate warnings Sterling rose against dollar on new data but economists say impact of tightening yet to be fully felt ...
GDP expected to increase by just 0.5% this year, the second-slowest rate in G7 after Germany April 12 2024 UK economy grew by 0.1% in February FTSE 100 on track for record high after figures raise hopes of exit from technical recession ...
Although on an annual basis, the UK economy grew slightly in 2023, the UK entered 2024 in recession following two quarters of negative economic growth at the end of 2023. After a huge 10.4 percent fall in GDP in 2020, economic growth rates were relatively strong during a period of economic...