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1 min read
The UK economy grew much faster than expected in Q2, bolstering the chances of an interest-rate hike
The stronger-than-expected UK GDP figure will have been closely watched by the Bank of England.
Harry Robertson
2 mins read
The UK economy grew just 0.1% in July, as rising coronavirus cases and supply shortages stalled the recovery
Economists said global supply-chain disruptions are making themselves felt in the UK economy, which…
Harry Robertson
2 mins read
The UK economy grew 2.4% in March, beating expectations as the vaccine-driven recovery picked up speed
March's growth was stronger than expected, and set the stage for a rapid rebound for the UK economy…
Harry Robertson
1 min read
The UK economy grew 4.8% in the second quarter as the easing of restrictions powered a rapid expansion
UK GDP grew 1% in June, the Office for National Statistics said, more than the 0.8% economists had …
Harry Robertson
2 mins read
The UK economy grew just 0.8% in May as manufacturing troubles caused the rebound to lose steam
Car production plunged as the global microchip shortage disrupted manufacturing, weighing on UK GDP…
Harry Robertson
2 mins read
The UK economy suffered the biggest slump in the G7 in 2020, shrinking a record 9.9% as COVID-19 hit hard
The UK economy grew 1% in the final three months of 2020, but gross domestic product remained 7.8% …
Harry Robertson
2 mins read
The UK economy grew 2.3% in April as pubs and restaurants reopened and the vaccine drive continued at pace
Chancellor Rishi Sunak said the UK GDP figures were "a promising sign that our economy is beginning…
Harry Robertson
2 mins read
The UK economy grew 0.4% in February - but analysts say a rapid vaccine rollout should now power speedy growth
The February growth followed an upwardly revised 2.2% drop in UK GDP in January.
Harry Robertson
2 mins read
India has the best international trade prospects among top 10 economies: S&P
New Delhi [India], November 18 (ANI): Among the group of top 10 economies, the most positive prospe…
ANI
3 mins read
The UK economy almost ground to a halt in October as the second wave of coronavirus hit the hospitality sector
A surge in cases of COVID-19 brought the UK economic activity to a near-halt in October, as accommo…
Shalini Nagarajan
2 mins read
Russia's economy isn't facing disaster anytime soon as weapons production compensates for GDP losses, Ukrainian strategist says
Economists have had to admit their forecasts of a Russian GDP crash were wrong, the Institute for B…
Phil Rosen
1 min read
The UK economy shrank a better-than-expected 2.9% in January - and analysts are predicting 'swifter' growth thanks to vaccines
January's figures left the UK economy 9% smaller than before coronavirus struck in February 2020, t…
Harry Robertson
2 mins read
Bank of England boosts 2021 UK growth forecast to 7.25% in wake of successful vaccine rollout
The Bank of England kept interest rates at the record-low level of 0.1% and maintained the size of …
Harry Robertson
2 mins read
The UK economic recovery is running out of steam - GDP grew just 2.1% in August despite government support
The UK economy grew by 2.1% in August, lower than analysts' expectations. Economics polled by Reute…
Saloni Sardana
3 mins read
The UK economy is on the brink of a double-dip recession after it shrank 2.6% in November amid surging COVID-19 cases
The UK economy shrank 2.6% in November, bringing to an end 6 months of growth amid rising coronavir…
Harry Robertson
2 mins read
Goldman Sachs slashes Europe GDP forecast as fresh lockdowns point to double-dip recession
A longer lockdown would result in negative growth in the first-quarter, pushing the economy into a …
Shalini Nagarajan
2 mins read
The UK economy will expand 7% in 2021 on COVID-19 vaccine rollout and Brexit trade deal, Goldman Sachs says
Over half of the country's population is expected to be immunized by March, pointing to a significa…
Shalini Nagarajan
2 mins read
Global shares stabilize, but rising COVID cases across Asia and weaker UK GDP keep investors cautious
Rising COVID cases, extended lockdown and travel restrictions and aweaker than expected UK GDP read…
Sophie Kiderlin
2 mins read
The UK economy is doing even worse than we thought, and the prospects of a V-shaped recovery look bleak
Reuters economists were expecting the UK economy to grow by 5.5% following a major 20.3% slump in t…
Saloni Sardana
2 mins read
The UK economy grew at a record 15% in the third quarter, but the pace of recovery is slowing as COVID-19 deaths top 50,000
With large parts of the country now in a second lockdown, economists expect the UK to reverse its p…