[ The UK economy has grown for the second month in a row, raising hopes that it is on its way out of recession. The economy grew by 0.1 per cent in February, following growth of 0.3 per cent in January, according to the Office for National Statistics. This is an early estimate, but signals … Read more
[ Official figures show that Britain’s economy slipped into a recession at the end of 2023 amid a global economic downturn. The Office for National Statistics (ONS) estimated that gross domestic product (GDP) fell by 0.3 per cent in the fourth quarter, following a decline of 0.1 per cent in the previous three months. It … Read more
[ The UK economy shrank in the third quarter, raising the possibility that Britain is already in a recession. Revised figures Friday showed GDP dropped 0.1% from the second quarter, a downgrade from the zero growth initially estimated. Economists had expected the second estimate to be unchanged.The ONS also downgraded its GDP figure for the … Read more
