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UK GDP CONTRACTION
UK economy shrinks in April as Middle East war hitsBritain's economy contracted in April as the Middle East war hit growth, official data showed Friday, dealing a setback to Prime Minister K...- Rising oil prices, gold imports to widen trade deficit, CAD may touch 1.5-2% of GDP: ICICI SecuritiesWith the West Asia conflict persisting and global oil prices likely to average around USD 100/bbl, India's current account deficit could ri...
- High minimum wages in India slows down formal job creation: FEDThe Foundation for Economic Development (FED), in its report released on Thursday, said workers should be allowed to freely negotiate their...
- World finance chiefs head to IMF with a sense of déjà vuGlobal economic policymakers convene amid concerns over President Trump's actions impacting Middle East growth. The IMF warns of reduced ca...
- Rolls-Royce wins $11 billion UK nuclear submarine contractBritain has awarded Rolls-Royce an $11 billion contract for nuclear reactor design and support for its submarine fleet. The eight-year deal...
- UK economy grows 0.6 per cent between April and June as it recovers from recessionThe UK economy saw a 0.6% GDP increase from April to June, continuing its recovery after a 0.7% rise in the first quarter. This expansion w...
- Banking crisis responsible for Germany entering in a recessionary period: Nadia ElbilassyObviously, with high inflation and high housing costs and the energy crisis, it has all played a part including the banking crisis which al...
- UK economy shrinks by more than initial estimates in Q3. See detailsContinuous decline evident in the household incomes, but it is at a slower pace than previous quarters.
- UK economy shrank more than thought in third quarter"The national accounts confirm that the U.K. was the only G-7 economy in which third-quarter GDP still was below its pre-COVID level," said...
- UK Chancellor Jeremy Hunt indicates economy to get worse before it gets betterUK chancellor Jeremy Hunt said that the UK economy will get better, but it will worsen before that.
- Risk of recession increases as UK economy unexpectedly contractsExperts predict the UK will go into recession as its economy shrank unexpectedly in August. Official figures suggest the drop of 0.3 per ce...
- GDP may witness 57-64% sequential growth in Q2From an unprecedented 23.9% contraction in the June quarter, the economy is seen shrinking 8.6% in the September quarter, as per the centra...
- India's FY21 GDP estimates cut sharply after Q1 numbers, Goldman predicts deepest 14.8% contractionBoth Fitch and Goldman Sachs have forecast a sharp bounce-back for India in FY22 but attributed this to the lower base of the current fisca...
- Major downward revision in full-year GDP forecast by agencies raises alarmThe drastic downward revision for both the firms, which was over twice the earlier estimates of -5% by Fitch and -5.3% by Ind-Ra, was due t...
- View: Rupee likely to trade in a small rangeWe expect the EUR/USD pair to quote in the range of 1.0970 and 1.1150.
- UK economy slumps more than expected; slips 0.6% in Dec qtrAs per the revised estimates, construction output slumped 2.5 per cent in the December quarter, while that from services sector dropped 0.7...
- Britain is last major nation in recessionBritain is the last major world power in recession but economists forecast growth return before end of '09. Cope with recession| Debt-ridde...
- Britain is last major nation in recessionBritain remains stuck in a record recession, official data showed on Wednesday, but economists forecast a return to growth before the end o...
- UK in recession after Q3 contractionOfficial figures said that in the third quarter, the UK economy contracted by 0.4%, making it the sixth consecutive quarter of negative GDP...
- British economy sees record contraction: DataBritain's recession-battered economy shrank in the second quarter of 2009 at its fastest yearly pace since records began, official data sho...
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