Latest News

UK economy shrinks at start of feared long recession

UK economy shrinks by 0.2% in Q3 at start of expected long recession By Reuters

Breaking News


Economy 7 minutes ago (Nov 11, 2022 07:11)

© Reuters. FILE PHOTO: People walk across Millennium Bridge with the City of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 20, 2021. REUTERS/Hannah McKay

LONDON (Reuters) – Britain’s economy shrank by 0.2% in the three months to September, according to official data which is expected to represent the start a lengthy recession.

A Reuters poll of economists had pointed to a bigger contraction of 0.5% in gross domestic product in the third quarter.

The Bank of England said last week that Britain’s economy was set to go into a two-year recession if interest rates rose as much as investors had been pricing. Even without further rate hikes, the economy would shrink in five of the six quarters until the end of 2023, it said.

UK economy shrinks by 0.2% in Q3 at start of expected long recession

Japan’s SoftBank books hefty Vision Fund loss but returns to quarterly profitBy Reuters – Nov 11, 2022

By Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp on Friday unveiled a loss at its sprawling Vision Fund investment arm for the third straight quarter, even as the…

UK’s Hunt: “extremely difficult” decisions needed for economic stabilityBy Reuters – Nov 11, 2022

LONDON (Reuters) – British finance minister Jeremy Hunt said on Friday that “extremely difficult” decisions were required to restore confidence and economic stability, after data…

German harmonised inflation +11.6% y/y in OctoberBy Reuters – Nov 11, 2022

BERLIN (Reuters) – Germany’s consumer prices, harmonised to compare with other European countries, were 11.6% higher year-on-year in October, the Federal Statistical Office said…

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News