Friday, December 13, 2024

UK’s Economy Shrinks Unexpectedly by 0.1% in October

THE GUARDIAN: GDP figures underline scale of challenge for Labour to get the economy growing

Britain’s economy shrank by 0.1% in October, underlining the scale of Labour’s challenge to get the economy growing.

Figures from the Office for National Statistics showed the unexpected fall in GDP was driven by declines in construction and production, while the dominant services sector stagnated. » | Guardian staff and agencies | Friday, December 13, 2024

THE TELEGRAPH:

Britain ‘on recession watch’ as economy shrinks: Britain has been placed “on recession watch” after official figures showed the economy shrank for the second month in a row in October. »