Category : Search result: GDP contraction


IMF cuts UK growth forecast amid global uncertainty

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.

UK economy grows 0.2% in January

The UK economy expanded by 0.2% in January, according to the Office for National Statistics, offering cautious optimism amid ongoing economic challenges.

Shapps claims UK "not in recession" despite data

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'.

UK economy shows unexpected November growth

The UK economy defied expectations with unexpected growth in November, easing recession concerns. Experts weigh in on the latest ONS and Bank of England data.

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