UK Economy Stalls as July GDP Shows Zero Growth
New ONS data reveals the UK economy showed zero growth in July, with rising inflation and weak consumer confidence putting a brake on recovery. Key sectors like services and production stagnated.
New ONS data reveals the UK economy showed zero growth in July, with rising inflation and weak consumer confidence putting a brake on recovery. Key sectors like services and production stagnated.
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New ONS data reveals the UK economy showed zero growth in April 2024, a significant slowdown from the 0.4% expansion in March. The services sector stalled while production fell, putting pressure on the next government.
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The UK's economic growth ground to a halt in April with 0.0% GDP growth, dashing hopes for a swift recovery. Key figures like Sir Richard Branson and Jo Malone voice concerns over political instability hindering business momentum.
New Zealand's economy has officially entered a recession, with GDP contracting 0.1% in the last quarter of 2023. High interest rates and inflation are blamed for the downturn, marking a challenging start for the new coalition government.
The UK economy showed zero growth in April, dashing hopes of a sustained recovery and piling pressure on the government and Bank of England ahead of crucial summer decisions.
The British economy is expected to flatline in the coming months, with zero growth predicted by the British Sage, sparking concerns over inflation and living costs.
Shadow Chancellor Rachel Reeves faces criticism after UK economic growth slows sharply, raising questions about Labour's fiscal plans.
The Federal Reserve maintains interest rates amid mixed economic signals, while Aviva and Goldman Sachs adjust strategies in response to shifting market conditions.
The UK economy is showing tentative signs of a rebound, but experts warn that Chancellor Rachel Reeves cannot afford to ease fiscal measures yet. Rising inflation and global uncertainties remain key challenges.
The UK economy recorded modest growth in June, offering cautious optimism amid global economic challenges. Chancellor Rachel Reeves responds to the latest figures.
The UK economy expanded by 0.4% in the second quarter of 2024, marking a modest recovery after earlier stagnation. Key sectors like services and production drove growth, though challenges remain.
The UK economy grew by 0.2% in January, according to the Office for National Statistics, signalling a potential rebound after last year's recession fears.
The Bank of England keeps interest rates steady amid cautious optimism over GDP growth, while Barclays faces scrutiny over financial practices.
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The UK economy has shown stronger-than-expected growth, with GDP rising despite global trade tensions. Experts weigh in on what this means for consumers and businesses.
The US economy expanded at a faster-than-expected pace in Q4 2023, driven by robust consumer spending despite high interest rates. Economists remain cautiously optimistic about 2024.
European luxury car manufacturers face significant challenges as Donald Trump's proposed tariffs threaten to disrupt trade and impact sales in the US market.
The International Monetary Fund (IMF) has upgraded its forecast for UK economic growth, signalling a potential turnaround amid global uncertainty. Chancellor Rachel Reeves welcomes the news as a sign of stability.
The International Monetary Fund (IMF) has downgraded the UK's GDP growth forecast, citing geopolitical tensions and sluggish global trade. Shadow Chancellor Rachel Reeves warns of economic challenges ahead.
The UK economy expanded by 0.2% in January, according to the Office for National Statistics, offering cautious optimism amid ongoing economic challenges.
The European Central Bank keeps interest rates unchanged as inflation pressures persist. President Christine Lagarde signals cautious optimism while markets await future policy shifts.
Defence Secretary Grant Shapps faces backlash after controversially declaring the UK is 'out of recession', despite official data showing economic contraction. Labour slams remarks as 'delusional'.