UK growth forecast cut as investment plummets
The EY Item Club warns Britain's economic growth prospects are dimming as business investment retreats following tax rises and policy changes, creating a perfect storm for the UK economy.
The EY Item Club warns Britain's economic growth prospects are dimming as business investment retreats following tax rises and policy changes, creating a perfect storm for the UK economy.
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Britain's economic growth flatlined at 0.0% in April, missing analyst forecasts and raising concerns about the strength of the recovery. Services and production sectors showed modest gains while construction output fell significantly.
Britain's private sector faces worst performance in nearly a year as manufacturing and services decline simultaneously. Chancellor Rachel Reeves confronts mounting economic challenges ahead of crucial budget announcement.
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Britain's economic recovery hit a roadblock in August with zero growth, raising concerns about the nation's financial resilience amid ongoing challenges.
Britain's economy showed no growth in April 2024, with wet weather dampening retail sales and construction output. Get the full analysis of the UK's economic standstill.
Britain's economy expanded by 0.4% in August, marking a significant turnaround after months of stagnation. Chancellor Rachel Reeves announces cautious optimism amid ongoing economic challenges.
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IMF Managing Director Kristalina Georgieva warns of multiple economic dangers converging simultaneously, urging nations to prepare for turbulent times ahead as growth forecasts darken.
JPMorgan Chase CEO Jamie Dimon sounds alarm on economic turbulence ahead, highlighting inflation pressures and geopolitical risks that could impact British businesses and households.
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