grossdomesticproductgdp
UK Prime Minister Rishi Sunak’s attempts to convince consumers that the country’s economy is recovering are on thin ice. The UK officially entered a technical recession, defined as two consecutive quarters of negative gross domestic product (GDP) growth, at the end of last year, due to higher inflation, reduced external demand and record interest rates. The economic slump has prompted swathes of criticism from opposition politicians, notably Shadow Chancellor Rachel Reeves, who said that Sunak “has broken his promise to grow the economy and left Britain in recession with working people paying ...
Euronews (English)
Germany’s quarter-on-quarter gross domestic product (GDP) report for Q4 2023 was released on Thursday morning. Europe’s largest economy saw a decline of 0.3% in the last quarter of 2023, according to the Federal Statistical Office. This was in line with analyst expectations. In the third quarter of 2023, Germany’s GDP contracted -0.1%. Due to the fourth quarter of the year also seeing a contraction, Germany could potentially be in technical recession, which is widely defined as two consecutive quarters of negative growth. This was mainly due to higher prices, as well as soaring interest rates ...
Euronews (English)
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