All the updated news related to gross domestic product

All the news related to gross domestic product updated in real time

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Scotland

Decline in service sector blamed as Scotland’s GDP falls by 0.2% in July

Scotland’s onshore GDP fell by 0.2% in July, according to the latest estimates from the Scottish Government. The decline comes after a fall of 0.8% in June and means GDP is just 0.1% higher than the pre-pandemic level in February 2020. GDP growth ...

28 Sept 2022 at 12:55

UK on course for recession after economy shrinks in September

The UK may have entered what experts say could be the longest recession in a century as official statisticians said the economy shrank by 0.2% between July and September. The Office for National Statistics (ONS) said gross domestic product (GDP) ...

11 Nov 2022 at 16:07

Lack of growth in UK’s latest GDP figures ‘deeply alarming’, says Swinney

Scotland’s First Minister John Swinney has described recent UK-wide GDP (gross domestic product) figures as “deeply alarming”. The Office for National Statistics (ONS) released statistics on Monday showing no growth in the UK economy between ...

23 Dec 2024 at 15:15

World

Japan’s economy drops to fourth largest in world as recession hits

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in October to December, according to cabinet ...

15 Feb 2024 at 09:33

Jeremy Hunt declares he is ready to ‘cut taxes and bet on growth’

Chancellor Jeremy Hunt has declared he is ready to “cut taxes and bet on growth” after the UK’s gross domestic product (GDP) grew again in February. The GDP was estimated to rise 0.1% in February, according to figures from the Office ...

13 Apr 2024 at 02:26

City

Nature degradation could cause 12% loss to UK GDP in coming years – analysis

Nature degradation could lead to a 12% loss to UK gross domestic product (GDP) by 2030, according to a “groundbreaking” analysis. Economists, scientists, Government officials and financial regulators provided direction for a new ...

25 Apr 2024 at 00:01

Why did the economy stall in April and will it affect the election?

The UK economy failed to grow in April, official figures showed, as heavy rainfall put a dampener on growth. It is the last official health check on the economy before the General Election next month, and it will have ...

12 Jun 2024 at 15:53

Summer rate cut ‘on a knife-edge’ after economy grows faster than expected

The chance of a summer interest rate cut is on a “knife-edge” after the UK economy grew faster than expected in May, economists have warned. Official data showed that the economy returned to growth as more shoppers ...

11 Jul 2024 at 12:35

Finance

Economy surged ahead of Omicron outbreak

The UK’s economy was showing signs of leaving the pandemic behind it in November, before the Omicron variant of Covid-19 ripped through the country. During the month, gross domestic product (GDP) – a measure of ...

14 Jan 2022 at 09:26

What do Rachel Reeves’ plans for growth mean for the economy?

Chancellor Rachel Reeves has laid out fresh plans to grow the economy. In a speech on Wednesday, she pledged to turn Oxford and Cambridge into “Europe’s Silicon Valley”, while also backing a third runway at ...

29 Jan 2025 at 11:43

Chancellor ‘determined to turn around’ economy amid surprise fall in GDP

Chancellor Rachel Reeves has vowed to “turn around the poor performance of more than a decade” after Britain’s economy contracted in the first month of the year. Official figures showed gross domestic ...

14 Mar 2025 at 11:28

UK economy contracts in January amid faltering production sector

Britain’s economy shrank in January amid a sharp fall in the manufacturing sector, in a blow to Chancellor Rachel Reeves before her spring statement, official figures have shown. The Office for ...

14 Mar 2025 at 08:22

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