Category : Search result: UK recession


2008 Recession-Era Restaurant Deals Make Worrying Comeback

Iconic money-saving deals from the 2008 financial crash, like 'Gourmet Burger Kitchen's' 'Two for Ten' and 'Strada's' £5 pizza, are reappearing on high streets. Economists warn this trend is a classic harbinger of an economic downturn as consumers tighten

UK Private Sector Growth Hits Nine-Month High

In a major boost for the UK economy, a key business survey reveals the fastest growth in private sector output in nine months. Driven by strong demand in the dominant services sector, the S&P Global/CIPS flash PMI surged to 53.3, signalling robust expansi

New Zealand Enters Recession as GDP Contracts Again

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.

Fed warns of potential Great Depression-level recession

The US Federal Reserve has issued a stark warning about the possibility of a severe economic downturn, drawing parallels to the Great Depression. Experts weigh in on the risks and potential policy responses.

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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