. UK GDP fell 0.2% between July and September, ending five consecutive quarters of growth, the Office for National Statistics said on Friday. The United Kingdom is the only G7 economy to have contracted in the third quarter and is now 0.4% smaller than it was at the end of 2019, before the coronavirus pandemic began, according to the ONS. “The quarterly fall was driven by manufacturing, which saw widespread declines across most industries.
It now expects inflation to peak at the end of the year at a rate of 8.5%. “As inflation keeps cutting into households’ disposable incomes, the contraction of economic activity is set to continue in the first quarter of 2023,” the Commission said in a statement. Still, the Commission expects GDP growth in the euro area to remain positive next year and in 2024.
😮
Get any E-books of your choice at
Here we go.
blame it on the russians! wehehe!
Luckily those 'experts' saved billions and billions of lives when they locked down the whole world economy for TWO YEARS
Nope! Christmas and the World cup will stop that happening!
No kidding ? …Have you hired a rocket scientist to write this article? I bet no one was seeing that a recession was coming … specifically in Europe…
a big evidence that Russian is winning the war,
you shouldn´t compare the uk economy to the european economy
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe still can't live without this Russian energy export | CNN BusinessEurope may be closer than ever to breaking its energy dependence on Moscow, but it still can't live without one type of Russian natural gas. The dependence of society on energy is the same as that of human beings on food，. Insist on labeling the items that are useful to you as enemies and refuse to use them，. This is a stupid behavior
Source: cnni - 🏆 326. / 59 Read more »
CNN reporter shows what consumer price growth means for inflation | CNN BusinessInflation cools much more than expected in October. RahelSolomonCNN breaks down the latest numbers from the Consumer Price Index and addresses the layoffs at tech companies like Twitter and Meta. Watch: RahelSolomonCNN This is good news. Kindly help Nigeria to fix our economy. May God put you through. RahelSolomonCNN You say 'cools' the Bureau of Labor Statistics says still rising. Rising at a slower rate is not improvement, it's just Democrats screwing us slower
Source: CNN - 🏆 4. / 95 Read more »
Fred Hickman, who helped launch CNN Sports and YES Network, dead at 66 | CNN BusinessFred Hickman, a pioneering sports broadcaster and anchor who helped to launch two major cable networks and influenced and informed a generation of sports journalists and fans, has died. He was 66. KitchenTableRpt 🙏 MaryAnnAhernNBC If I remember correctly, he came up with “Big Fly” to describe a home run. Adidas and Nike burn in hell 🔥
Source: CNN - 🏆 4. / 95 Read more »
Big Tech Companies Lay Off Thousands of WorkersOne after another, big tech companies laid off thousands of workers in recent months. See potential bias and similarities in coverage from CNBC, CNNBusiness and FoxBusiness: TechLayoffs Economy
Source: AllSidesNow - 🏆 572. / 51 Read more »
Elon Musk pleads with advertisers to stay on Twitter | CNN BusinessTwitter owner Elon Musk pleaded with advertisers to keep using his platform on Wednesday as he sketched out his plans for user verification, content moderation and even his intention to add banking features to Twitter in front of a live audience of over 100,000 users. the beta elon muks and the alpha corporate advertisers ‘Sketched our his plans’
Source: CNN - 🏆 4. / 95 Read more »