The Latest Breaking News from GDP

Russia falls into recession as Western sanctions lead to a 4% fall in GDP

Russia has plunged into a recession after its economy shrank by 4% in the most recent financial quarter, with the effects of Western sanctions on trade now taking hold

Daily Mirror · Nov 18, 2022

Autumn statement 2022: Grim historic milestones facing the UK economy

Living standards are set to slump back to levels last seen in 2013/14.

The Independent UK · Nov 17, 2022

Autumn Statement post-mortem: living standards to plummet as taxes soar

If there is one figure to bear in mind amid a sea of epically bad numbers in today’s Autumn Statement and accompanying Office for Budget Responsibility (OBR) fiscal outlook, it is this: underlying public sector net debt will be £400bn (18% of GDP) higher in 2026-27 than was forecast in…

Evening Standard · Nov 17, 2022

UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says

Office for Budget Responsibility forecast that the UK economy will shrink further next year as Brits face rocketing inflation and cost-of-living crisis

Daily Mirror · Nov 17, 2022

Chancellor confirms £55 billion fiscal 'consolidation'

The Scottish Government is set to receive around an additional £1.5bn over 2023-24 and 2024-25

Insider UK · Nov 17, 2022

More people to pay higher rate of tax as inflation projected to fall in 2023

The Chancellor said inflation was predicted to fall next year

Wales Online · Nov 17, 2022

Autumn statement 2022: key points at a glance

Jeremy Hunt is announcing his financial update – here are the main points, with political analysis

The Guardian - UK · Nov 17, 2022

Royal Commission Prepares Infrastructure to Attract Investments in Jazan

The Royal Commission for Jubail and Yanbu (RCJY) signed investment and construction agreements worth over $266 million with several investors in Jazan City. The city concluded the agreements in the presence of chairman Khalid al-Salem who confirmed that the new contracts contribute to achieving the city's goals. Salem explained that…

Asharq Al-Awsat · Nov 17, 2022

GDP declines by annualized 1.2% in July-Sept. quarter

Japan's gross domestic product in July-September declined 0.3% from the previous quarter in price-adjusted real terms, according to a preliminary report released by the Cabinet Office Tuesday.

The Japan News/Yomiuri · Nov 15, 2022

The Standard View: Autumn Statement pain is coming, but we need a long-term prosperity plan

Today’s figures confirm what the forecasters and the Bank of England have already predicted: the British economy is shrinking. GDP contracted by 0.2 per cent between July and September, as spiralling prices and energy bills impacted households and businesses.

Evening Standard · Nov 11, 2022