recession – Asian News from UK

‘UK Economy entered shallow recession in 2023’

Gross domestic product fell 0.3 per cent in the final three months of 2023, following a 0.1 per cent decline in the third quarter, according to data published by the Office for

March 29, 2024

-Top News·UK News

‘UK recession may already be over’

The economy entered a downturn at the end of 2023, official figures showed last week. However, the Bank of England signalled that there was unlikely to be an imminent interest rate cut…reports

February 21, 2024

-Top News·UK News

‘UK may have slipped into recession in late 2023’

Given the sharp slowdown in price growth, the think-tank expects the BoE to be in a position to start cutting interest rates from the current 5.25 per cent level in May…reports Asian

February 8, 2024

-Top News·UK News

Recession fears hit IT sector

The scenario is more or less the same with global players headquartered in the US and Europe that have a major presence in Bengaluru….reports Asian Lite News Amid gloom against the backdrop

December 18, 2023

Business·Tech LITE·Technology

UK likely in recession, indicates analysis

Economists have predicted that GDP slipped 0.1% in the three months through September, a Bloomberg survey found as of Friday afternoon. The BOE expects unemployment, now 4.3%, to rise to 5.1% by

November 7, 2023

-Top News·UK News

US investors optimistic as Europe exits recession

The Dow’s gains suggest that investors are starting to buy more economically sensitive stocks as recent data show inflation slowing…reports Asian Lite News The Dow, up roughly 6 per cent for the

August 1, 2023

Business·Europe·USA

‘UK set to dodge recession, but big problems remain’

The CBI does not expect business investment – a weak spot for Britain’s economy since the Brexit vote of 2016 – to return to its pre-pandemic level before the end of next

June 12, 2023

-Top News·UK News

Eurozone falls into recession

Europe’s economy has been hit by the economic disruption caused by the Ukraine war, which has pushed up energy and food prices…reports Asian Lite News The Eurozone has fallen into recession, new

June 8, 2023

-Top News·Economy·Europe

Germany enters recession

Germany’s GDP fell by 0.3 per cent in the first quarter compared with the previous three months, which also recorded a contraction…reports Asian Lite News Germany has fallen into recession after high

May 25, 2023

-Top News·EU News·Europe

IMF says UK economy to avoid recession in 2023

Inflation in the UK was 10.1 per cent in March…reports Asian Lite News The UK economy is expected to avoid a recession and maintain positive growth in 2023, said International Monetary Fund

May 24, 2023

-Top News·UK News