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The Latest Breaking News from Recession

UK has moved out of recession, official figures show

GDP rose by 0.6% in first quarter of 2024 but forecasters expect economy to grow slowly this year

The Guardian - UK

FTSE 100 hits new closing high after UK economy escapes recession with fastest growth since 2021 – as it happened

Short, shallow recession is over, as UK economy grows faster than forecast in January-March quarter, by 0.6%, fastest quarterly growth in over two years

The Guardian - UK

Recession set to end as City looks ahead to interest rate cuts to boost economic growth

Quarterly expansion of 0.4% will make period of contraction shallow and short but strong growth remains elusive

Evening Standard

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Those calling for higher interest rates in Australia should be careful of what they wish for

We need to avoid replicating the experience of the 1990s, when taming inflation involved destroying the economy

The Guardian - AU

Rachel Reeves is right: this government is gaslighting us over the economy

Tories will crow about falling inflation and Britain’s waning recession. But the public sees the reality in its shopping basket, says Guardian columnist Polly Toynbee

The Guardian - UK

Should the Bank of England cut interest rates with Britain’s economy in bloom?

The UK is expected to come out of recession, but it would be wise not to expect a reduction any time soon

The Guardian - UK

Eurozone escapes recession; UK mortgage approvals hit 18-month high – as it happened

Fastest growth in 18 months as GDP expands by better-than-expected 0.3% in Q1 2024, after two quarters of contraction

The Guardian - UK

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Eurozone exits recession as ‘big four’ economies beat forecasts

France, Spain, Germany and Italy helped by lower inflation and prospect of interest rate cuts

The Guardian - UK

New Zealand in recession but MPs get pay rise

New Zealand's MPs will get modest pay increases, starting with 2.8 per cent this year, in the first wage rise in six years.

AAP

Bank of England’s chief economist dampens hopes of summer interest rates cut

Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last month

The Guardian - UK

Solid Profits At Banks As Execs Debate US Economic Risks

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

International Business Times

Economists 'can safely say' recession is over after February GDP rise, but growth still slow

The meagre growth, not helped by torrential rain that hammered the construction sector, marks a slowdown from a 0.3% advance in January

Evening Standard

FTSE 100 Live 11 April: Index jumps past 8000, near record, as GDP edges up, Bernanke Bank of England review

Slender growth in February today fuelled hopes that the UK economy is out of recession.

Evening Standard

Growth slows to 0.1% in February as economy hit by torrential rain

UK still stuck in a pattern of slow growth but recession is almost certainly over

Evening Standard

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The Guardian - UK

UK takes another step on path out of recession as GDP rises

February growth of 0.1% comes despite construction and retail being hit by wet start to year

The Guardian - UK

FTSE 100 at highest close in a year as UK recession enters ‘rearview mirror’ – as it happened

Chancellor cheers 0.1% rise in GDP, but IoD fears economy still fragile

Top News

UK Economy Shows Signs Of Recovery Despite Slower Services Growth

Latest PMI data shows UK economy resilient with balanced recovery across sectors, moving towards exiting recession.

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The Guardian - UK

Why UK recession may be deeper than two quarters of falling GDP suggest

Greater fall per head and latest trade data illustrate longer term decline of economy

Evening Standard

Rishi Sunak to call general election for November 14 or 21, suggests Cabinet minister Michael Gove

As William Hague says most Tories back an autumn election

The Guardian - UK

Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – as it happened

Live, rolling coverage of business, economics and financial markets as minister says water company’s leadership has been a ‘disgrace’

The Guardian - UK

Blow for Sunak as revised figures confirm UK went into recession last year

Latest estimate from ONS says GDP declined by 0.3% in final quarter of 2023

Evening Standard

Ad market still in the mire warns S4 Capital boss Sir Martin Sorrell

Advertising guru Sir Martin Sorrell admitted today to a “difficult” year due to recession fears and higher interest rates as his S4 Capital made a loss of £6 million.

Evening Standard

Gloom grips the high street as retail sales and consumer confidence falter in a wait-and-see economy

Under-pressure consumers are holding back on spending with the economy already in recession

Evening Standard

FTSE 100 Live 22 March: Index closes highest in over a year and near 8000, pound lower

The FTSE 100 hit its highes tlevel in more than a year today as global stock markets continue to rally on hopes that lower interest rates are within sight.

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