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UK RECESSION NEWS
Charting the Global Economy: War pushes up prices, dents growthThe Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly t...- Is UK economy on the brink of recession? Growth slows, job market faces biggest hit since pandemic as Iran tensions and energy costs weighUK economy recession warning: Britain's economy is nearing a recession. New forecasts predict difficult times for workers and businesses. R...
- Is the UK headed for another recession? Retailers suffer worst sales slump since COVID-19 pandemic fueling fears of worklessness crisisUK is currently headed towards a major dent in its national economy, according to latest reports. Current sales levels are slumping to wors...
- UK economy entered recession in second half of 2023Britain's economy fell into a recession in the second half of 2023, with GDP contracting by a worse-than-expected 0.3% in the three months ...
- UK retail sales rise by most in nearly three years, suggesting recession will be short-livedIn January, British retail sales surged by a robust 3.4%, surpassing economists' expectations and marking the largest increase since April ...
- Fighting inflation is priority: Jeremy Hunt"If we want to have prosperity, grow the economy, reduce the risk of recession, we have to support the Bank of England in the difficult dec...
- 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...
- Bank of England admits it got wrong on recessionBank of England staff now expect underlying UK GDP to grow by around 0.2% in both 2023 Q1 and Q2, compared to expectations in the February ...
- Bank of England signals worst years for growth since great depressionAs the Resolution Foundation think-tank pointed out, Britain is in the midst of the worst 20 years for growth since the Great Depression, a...
- European stocks advance at open"There was a rare glimmer of hope as the (UK) GDP reading edged into positive territory for the second quarter unexpectedly, defying expect...
- UK facing significant recession, says Rishi SunakThe UK's Indian-origin finance minister, who is at the forefront of the economic response to the coronavirus pandemic and has spearheaded a...
- US facing a recession if there is no break-through in trade talks: Peter Cardillo, Spartan CapitalUK is likely to leave the EU without a deal and that is another nail in the coffin of global economy.
- What changed for the market while you were sleepingThe US markets gained for the second time in three days after solid economic data and a 3 per cent rally in crude oil prices ensured an upt...
- 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...
- Six of world's top 10 economies out of recessionChina and India are growing at healthy rates, Japan has climbed out of recession, so has Germany. More on Financial crisis | Video: Europe ...
- Mfg in UK contracts at slower paceUK manufacturing contracted at the slowest pace in eight months in April, adding to evidence that the country’s deepest recession in a gene...
- Exporters to UK feel the heat of falling British currencyExporters who were getting Rs 84.6 against the pound a month ago, are now getting Rs 72.5, a level seen in September 2003.
- British Telecom announces 10,000 job cuts, India left untouchedBritish Telecom plans to cut 10,000 jobs at home and overseas, but said this would not affect its India operations. Trends & turmoil in job...
- BoE cuts key rate to 5% on recession fearsThe rate cut may not be enough to prevent a slowdown. IMF said on Wednesday UK growth will slow to 1.6% this year from 3.1% in 2007, the wo...
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