All the updated news related to gdp

All the news related to gdp updated in real time

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Service sector breaks from 18 months of growth, survey suggests

The UK’s service sector has interrupted 18 months of consecutive growth to stagnate for the first time since lockdowns as customers across the country tightened their belts. Under-pressure household budgets could not stretch as far and as often to ...

05 Oct 2022 at 11:48

UK economy to grow slower than previously predicted in 2022, says OECD

The UK economy will grow less than previously predicted this year and flatline entirely in 2023, according to a new report. The OECD (Organisation for Economic Co-operation and Development) said it has downgraded its current annual projection for ...

26 Sept 2022 at 14:30

GDP falls 0.1% as Covid-19 vaccination programmes wind up

The UK’s economy shrank over the last three months as spending on test and trace and the Covid-19 vaccine programme subsided, figures show. Gross domestic product (GDP) fell by 0.1% between April and June, the Office for National Statistics said....

12 Aug 2022 at 11:19

UK to be hit by drawn-out recession and 13% inflation, Bank warns

Britons face two years of tumbling household incomes with inflation set to soar to more than 13% and the economy plunging into the longest recession since the financial crisis, the Bank of England has warned. The Bank made the grim prediction ...

04 Aug 2022 at 17:43

City

Sluggish productivity and inequalities slowing UK economic growth, warns OECD

Sluggish productivity across the UK as well as regional and gender disparities are slowing economic growth, a new report has found. The UK economy has recovered to pre-pandemic levels but high energy prices and the rising cost of living are ...

03 Aug 2022 at 13:48

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 Commerce Department reported on Thursday ...

28 Jul 2022 at 17:59

Scotland

Kate Forbes: Scottish GDP figures show resilience but recovery is still fragile

Scotland’s economic recovery from Covid “remains fragile”, the Finance Secretary has warned, despite the latest GDP figures recording estimated growth of 1.1% in January. Monthly data showed that the economy is now 0.8% above the level ...

23 Mar 2022 at 12:55

Scotland

GDP growth shows ‘resilience’ of economy – Finance Secretary

GDP growth of 1.3% in the last three months of 2021 shows the “resilience” of Scotland’s economy, Finance Secretary Kate Forbes has said. That was achieved at the same time as the emergence of the Omicron variant of coronavirus forced ...

16 Mar 2022 at 11:55

Economy erased Omicron hit in January ahead of Russia’s war

Growth sped up in the UK’s economy in January as the impact of Omicron was erased before Russia invaded Ukraine weeks later. Gross domestic product (GDP) increased by 0.8% over the month, the Office for National Statistics revealed ...

11 Mar 2022 at 08:55

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

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 ...

12 May 2022 at 08:55

Scotland

Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

The Finance Secretary has hailed the “strength and resilience” of Scotland’s economic sector as the latest GDP figures showed a growth of 0.4% in February. Monthly data showed the country’s economy was 1.3% above the ...

20 Apr 2022 at 13:25

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