British economy edges closer to recession ...News

Russia Today - Economy
British economy edges closer to recession
source : Russia Today ( News ) () 20
The UK chancellor of the Exchequer warns of “a tough road ahead” and difficult decisions to be made The UK economy contracted between July and September, with GDP dropping by 0.2%, the Office for National Statistics (ONS) reported on Friday. The drop was the biggest quarterly decline in the country’s economy since early 2021, when it went into lockdown amid the Covid-19 pandemic. While analysts had previously warned of a bigger drop in the country’s GDP, the result still shows the UK economy is suffering, largely due to the cost-of-living crisis and related interest rates hikes, which tend to slow growth. Accordin

Hence then, the article about british economy edges closer to recession was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( British economy edges closer to recession )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
Tony Jaa wird der 30-millionste Kunde von GAC - mit „echter Handwerkskunst" gewinnt GAC weltweit Vertrauen
PR Newswire - before 7 hours & 33 minute
Argentina’s Oil Production Soars as Vaca Muerta Breaks New Records
OILPRICE - before 6 hours & 27 minute
Standard Chartered: Oil Markets Must Now Price Two Middle East Chokepoints
OILPRICE - before 2 hours & 30 minute
Australia’s Clean Energy Boom Is Gathering Speed
OILPRICE - before 10 hours & 37 minute
Oil Market's Glut Narrative Just Blew Up
OILPRICE - before 9 hours & 31 minute
Study indicates how much home buyers could save by picking less pricey postcodes
INDEPENDENT - before 2 hours & 22 minute
U.S. Jet Fuel Costs Soar as Iran War Hits Airlines Again
OILPRICE - before 4 hours & 30 minute
China’s Rare Earth Strategy Is Forcing a U.S. Manufacturing Revolution
OILPRICE - before hour & 30 minute
APIGA feiert 10 Jahre Förderung der nächsten Generation von Internet-Führungskräften
PR Newswire - before 41 minute
Oil Prices Plunge 5% After U.S. and Iran Halt Attacks
OILPRICE - before 20 minute


Latest News

Oil Prices Plunge 5% After U.S. and Iran Halt Attacks

before 20 minute

APIGA feiert 10 Jahre Förderung der nächsten Generation von Internet-Führungskräften

before 41 minute

China’s Rare Earth Strategy Is Forcing a U.S. Manufacturing Revolution

before hour & 30 minute

Study indicates how much home buyers could save by picking less pricey postcodes

before 2 hours & 22 minute

Standard Chartered: Oil Markets Must Now Price Two Middle East Chokepoints

before 2 hours & 30 minute

U.S. Jet Fuel Costs Soar as Iran War Hits Airlines Again

before 4 hours & 30 minute

Argentina’s Oil Production Soars as Vaca Muerta Breaks New Records

before 6 hours & 27 minute

Tony Jaa wird der 30-millionste Kunde von GAC - mit „echter Handwerkskunst" gewinnt GAC weltweit Vertrauen

before 7 hours & 33 minute

Molten Salt Reactors Just Cleared A Major U.S. Regulatory Hurdle

before 8 hours & 37 minute

Oil Market's Glut Narrative Just Blew Up

before 9 hours & 31 minute

Australia’s Clean Energy Boom Is Gathering Speed

before 10 hours & 37 minute

Global Times: Here Come China's 'next new three': AI, robotics and innovative drugs spearhead a new round of industrial upgrading

before 11 hour & 10 minute

New ProEssentials v11: Native WinUI Charting Library, 100M Points in 15ms, Following Microsoft's Vision for True Native Swap-Chain Rendering

before 11 hour & 23 minute

Jameel Gallery at the V&A celebrates 20 years as home to one of the world& 039;s most significant Islamic art collections

before 12 hour & 30 minute

Why even some Trump supporters are souring on his handling of the economy

before 15 hour & 34 minute