All the updated news related to gdp

All the news related to gdp updated in real time

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UK growth slows to weakest for a year as recession fears grow

Britain’s economy grew at the slowest pace for a year at the start of 2022, as official figures showed a contraction in March amid mounting fears that the cost-of-living crisis may plunge the UK into recession. The Office for National Statistics ...

12 May 2022 at 08:55

UK economy sees stronger rebound in fourth quarter, but household savings drop

The UK economy grew at a faster pace than first thought in the final three months of 2021 despite the spread of the Omicron variant of coronavirus, according to official figures. The Office for National Statistics (ONS) said economic growth ...

31 Mar 2022 at 08:55

Scotland

Scottish GDP growth in late 2021 revised up to 1.6%

Scotland’s GDP grew by 1.6% in the last three months of 2021, with the latest figures being revised up from the previous estimate of 1.3%. It means GDP growth is estimated to have been 7.4% throughout the full year of 2021, following a ...

04 May 2022 at 13:55

UK economy contracts in March as recession fears grow

Britain’s economy shrank unexpectedly in March as official figures revealed a pullback in consumer spending amid mounting fears that the cost-of-living crisis may plunge the UK into recession. The Office for National Statistics (ONS) ...

12 May 2022 at 11:55

Scotland

Scottish GDP falls in December after arrival of Omicron

GDP in Scotland fell in the final month of 2021, new figures showed, with Economy Secretary Kate Forbes conceding the Omicron variant had made this a “difficult time”. She spoke as the latest monthly data showed the economy ...

23 Feb 2022 at 11:25

Scotland

Kate Forbes: Economy’s return to pre-Covid levels of GDP is ‘fantastics news’

Scotland’s GDP has returned to pre-pandemic levels, after figures showed the economy grew by 0.8% in November. New data from the Scottish Government revealed GDP was now 0.6% above the level it was at in February 2020, ...

26 Jan 2022 at 12:25

Pent-up demand for health services and holidays helps economy rebound in May

The UK economy staged a better-than-expected rebound in May as demand for health services and holidays offset a cost-of-living hit to spending in shops, according to official figures. The Office for National ...

13 Jul 2022 at 11:34

Soaring inflation sees household incomes fall for record four quarters in a row

Household finances failed to keep up with soaring inflation once again at the start of the year, marking the first time real disposable income has fallen for four quarters in a row since records began, ...

30 Jun 2022 at 10:07

Johnson denies he is being ‘complacent’ about inflation

Boris Johnson has denied that his Government is being “complacent” about spiralling inflation and said the “cost of freedom” is “always worth paying” amid soaring costs exacerbated by the Ukraine war. ...

30 Jun 2022 at 15:25

UK faces risk of recession from cost crunch and ballooning debt burden – OBR

Soaring energy prices and inflation threaten to tip the UK into recession while government debt levels could more than treble unless taxes are hiked, the UK fiscal watchdog has warned. The Office for ...

07 Jul 2022 at 11:58

World

US economy shrank 0.9% last quarter for its second straight drop

The US economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the ...

28 Jul 2022 at 17:59

UK emissions data should be published alongside economic growth figures, say MPs

Britain’s greenhouse gas emissions should be published alongside quarterly economic growth figures to help measure the UK’s progress towards net zero goals, according to MPs. The Environmental ...

15 Jun 2022 at 12:09

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