UK recovery from Covid pandemic stronger than expected, ONS figures show UK economy The UK economy grew slightly faster in the first quarter of this year than previously expected meaning it is now 1.8 per cent larger than it was pre-pandemic.
Manufacturing downturn continues as firms warn selling prices will creep up UK economy Output fell in nine out of 17 sub-sectors in the three months to September, with particularly sharp declines in transport equipment, chemicals and paper.
UK set for stubborn inflation and slow growth, OECD warns UK economy Inflation in the UK will be higher than previously expected next year while growth will be lower, according to cheerful new forecasts from the Organisation for Economic Co-operation and Development (OECD).
The WTF economy: Why latest UK GDP figures only add to the confusion September 13, 2023 Nicholas Hyett, investment analyst at Wealth Club, said the UK's economy was like the "hokey cokey". So what's going on?
‘Recession may have begun’: UK economy craters 0.5 per cent in July September 13, 2023 Data from the Office for National Statistics (ONS) showed that the economy contracted 0.5 per cent in July. Economists had predicted a smaller fall of 0.2 per cent.
Recession: Experts divided on whether UK economy will avoid dreaded R word September 11, 2023 The UK economy has avoided a recession so far this year, to the surprise of many analysts, but that does not mean it is out of the woods yet.
UK ahead of EU as bloc likely to ‘slip into recession’ September 7, 2023 The UK grew ever so slightly faster than the EU in the second quarter as falling exports brought growth in the bloc to a near standstill.
ONS to review ‘best practice’ for data revisions after GDP upgrade September 6, 2023 The ONS has asked the statistics regulator to help it analyse its modelling techniques after it published major revisions to its GDP data.
Doomsayers ‘proved wrong’: UK had third-fastest Covid recovery in G7, revised GDP data now shows September 1, 2023 New figures show the UK economy bounced back from the pandemic faster than had been thought.
After the economy grew again, will Bank of England’s rate hikes tip the UK into recession? August 11, 2023 The UK economy grew faster than expected in June, expanded 0.5 per cent, helping to bring growth in the second quarter to 0.2 per cent – but analysts are divided about what the figures say for the coming months. Growth in June was given a boost by a strong performance from the production sector, which [...]