UK Fell Into Technical Recession in Second Half of Last Year

The UK slipped into a shallow recession in the second half of 2023, undercutting Prime Minister Rishi Sunak’s claim to be growing the economy in the run-up to a general election. Gross domestic product fell 0.3% in the fourth quarter, more than the 0.1% drop economists forecast, Office for...

UK Economy Stronger Than Expected After Coronation Holiday

The UK economy grew more strongly than expected in the second quarter after activity roared back in June following an extra bank holiday for King Charles III’s coronation. Gross domestic product rose 0.2% from the first quarter, the Office for National Statistics said Friday. The Bank of...

UK Economy Shrinks Unexpectedly in August Raising Recession Risk

The UK economy shrank unexpectedly in August for the first time in two months, raising the possibility that the country is now in a recession.  The 0.3% drop in output was driven by a sharp decline in manufacturing and a small contraction in services, the Office for National Statistics said...

UK Economy Posts Modest Rebound in August Driven by Services

The UK economy registered a modest rebound in August as the dominant services sector offset another weak month for manufacturers and construction firms.  Gross domestic product rose 0.2% following a revised 0.6% contraction in July, the Office for National Statistics said Thursday....

UK Economy Held Up Better Than Expected in Coronation Holiday

The UK economy shrank less than expected in May after an additional holiday to mark the coronation of King Charles III weighed on activity. Gross domestic product fell 0.1% in May after an 0.2% gain the month before, the Office for National Statistics said Thursday. Economists had expected a drop...

UK Economy Grows for Second Month After Mild Recession Last Year

The UK economy grew for a second month in February, suggesting a recovery from recession is now well under way. Gross domestic product rose 0.1% from January, the Office for National Statistic said Friday, in line with the gain forecast by economists. January’s figure was revised up to show...

UK Economy Grows by 0.2% in January

Britain's economic output grew by an as expected 0.2% in January, after entering a shallow recession in the second half of 2023, figures from the Office for National Statistics showed on Wednesday. Economists polled by Reuters had forecast a 0.2% month-on-month expansion of gross domestic product...

UK Economy Delivers First-Quarter Gain Despite Strikes

The UK economy eked out a small gain in the first quarter even though strikes sharply curtailed activity in March, further reducing the risk of a recession. Gross domestic product rose 0.1% from the fourth quarter, the Office for National Statistics said Friday. March’s figure showed a 0.3%...

UK Economy Bounces Back From Strikes Stronger Than Expected

The UK economy grew far more strongly than forecast in January, adding to evidence of resilience in the face of a cost-of-living squeeze and widespread industrial unrest.  Gross domestic product grew 0.3%, recovering part of a 0.5% decline in December when strikes halted activity, Office for...

UK Avoids Recession by Narrowest Margin in Second Half of 2022

The UK avoided a recession last year by the narrowest of margins after the cost-of-living crisis and industrial action hit the economy during December.  Gross domestic product was unchanged in fourth quarter following a revised 0.2% decline in the previous three months, the Office for...

Rilis Bulanan GDP Inggris Menunjukkan Kontraksi 0,1% di Agustus

Rilis bulanan GDP Inggris menunjukkan kontraksi 0,1% di Agustus dibandingkan ekspektasi 0,0% dan kenaikan 0,4% sebelumnya. Sementara itu, Indeks jasa (Agustus) meningkat 0,4% 3m/3m vs kenaikan 0,1% yang diharapkan dan peningkatan 0,3% sebelumnya. Produk Domestik Bruto (GDP) yang dirilis oleh...

Ancaman Resesi Inggris Mengalami Penurunan seiring Pertumbuhan Ekonomi Juli yang Solid

Ekonomi Inggris tumbuh pada laju tercepat dalam enam bulan pada bulan Juli, kinerja kuat tak terduga yang akan menghilangkan kekhawatiran Inggris menghadapi kemungkinan resesi pra-Brexit. Produk domestik bruto (GDP) naik 0,3% dari Juni, Kantor Statistik Nasional mengatakan Senin. Ekonom telah...