UK economy ‘going gangbusters’ after coming out of recession with fastest growth in two years, say experts
By Rishi Sunak, Prime MinisterI KNOW that the last few years have been really tough.The economic shocks of Covid and...
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UK Economy Expands For Second Month
The UK economy expanded for the second straight month in February suggesting that it is set to move out of a technical recession, thanks to the rebound in manufacturing output.Real gross domestic product edged up 0.1 percent on a monthly basis in February, the Office for National Statistics said Friday. The growth for January was revised higher to 0.3 percent from 0.2 percent. Industrial production was the largest contributor to the growth in February, which climbed 1.1 percent, reversing a revised 0.3 percent fall. Within overall output, manufacturing rebounded 1.2...
The Recession: Technical or Real?
What would it take for the UK’s current “technical” recession to turn into a real one? Jason Lennard puts the UK’s...
UK and Japan Recession Has Little Effect on Indonesia’s Economy
Jakarta. Finance Minister Sri Mulyani Indrawati is closely monitoring how the recessions in advanced nations, including Japan and the United Kingdom,...
UK Economy Logs Unexpected Contraction
The UK economy unexpectedly contracted in October as higher interest rates took its toll on activity, adding to expectations that the Bank of England is close to interest rate cuts. Gross domestic product shrank 0.3 percent in October, partially offsetting growth of 0.2 percent in September, the Office for National Statistics reported Wednesday. The fall was the first in three months and confounded expectations for flat growth.Data suggests that the economy may go nowhere again in the fourth quarter or perhaps is in the mildest of mild recessions, Capital Economics'...