In a blow to Prime Minister Rishi Sunak, the British economy slipped into a mild recession at the end of 2023, figures from the Office for National Statistics showed Thursday. Gross domestic product declined 0.3 percent sequentially in the fourth quarter, following a 0.1 percent fall in the prior period. Economists had forecast another 0.1 percent fall for the fourth quarter.
Read Full Story
Latest posts by Top News Editor (see all)
- Dollar Rises Against Major Counterparts After Hot Inflation Data - April 26, 2024
- U.S. Consumer Sentiment Dips More Than Previously Estimated In April - April 26, 2024
- U.S. Consumer Prices Rise 0.3% In March, Annual Growth Accelerates To 2.7% - April 26, 2024