UK Exits Recession as per Official Data, Office for National Statistics
The UK’s economy grew by 0.6% in the first quarter of 2024, officially ending a mild recession that started in the second half of 2023. ...
Tag : Recession
US Markets Concerned of Recession as Warren Buffet’s Berkshire Hathaway Dumps Stocks worth $8 Billion
According to the US Securities and Exchange Commission (SEC) filings, Warren Buffett’s firm Berkshire Hathaway dumped a net $8 billion worth of shares during the...
Germany Slips into Recession as Inflation Hits Europe’s Largest Economy
Europe’s largest economy has been pushed into a recession by persistent inflation, last year’s energy price shock, reduced consumer spending and dried-up Russian gas supplies...
UK Borrowing Costs Rise as BoE Sticks by Bond Plan Deadline
On Wednesday, British government borrowing costs jumped again after the Bank of England Governor told pension funds they had three days to fix liquidity problems...
UK Cuts Taxes as Economy Falls into Recession
The new UK Government has introduced measures to cut taxes and stimulate growth as recent data showed the economy sliding into recession at the end...
World Bank Notices Growing Risk of Global Recession in 2023
On Thursday, the World Bank said that the world is likely to witness a global recession as central banks across the globe simultaneously hike interest...
Crude Oil Prices Rise Over One Per Cent
Crude oil prices rose more than 1% after two days of declines, buoyed after data showing an increase in retail sales in the United States...