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The Latest Breaking News from Recession

UK Retail Sales Surge, Indicating Rapid Economic Recovery

UK shoppers increase spending, signaling potential end to recession. Retail sales rose by 5.4% in June, exceeding expectations. Reopening of stores and eas...

Top News

Retail sales grow at fastest pace since 2021 in sign that ‘economy soon moving out of recession’

That comes after an extremely disappointing December in which sales fell by 3.2%.

Evening Standard

Asian Markets Rally After Wall Street Highs

Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan.

International Business Times

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Polls close in Wellingborough and Kingswood byelections

Conservatives expected to lose two seats on day UK economy was announced to be in recession

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

The Guardian view on the UK recession: no growth and no ideas either

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

The Guardian - UK

OPINION - The UK economy is in recession (and becoming a bit more European)

Four years after the UK exited the European Union and three years after leaving its formal structures (single market and customs union), the British economy is becoming a bit more European.

Evening Standard

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Rishi Sunak's 'grow the economy' pledge looks pretty silly now

City Comment: This is as much a political recession just as much as an economic one

Evening Standard

The UK is in recession, but the Government continues to stifle London's growth

City Comment: It’s inexplicable that the Government has persisted as long as it has with an anti-growth measure that it knows harms its GDP motor

Evening Standard

‘Rishi’s recession’: Reeves seizes her moment to take the economic high ground

Shadow chancellor’s No 10-style press conference given extra credence by decision to drop £28bn green pledge, Labour sources say

The Guardian - UK

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

International Business Times

Japan's Economy Slips Into Recession Amid Consumer Spending Decline

Discover the concerning state of Japan's economy as it enters a recession, experiencing two consecutive quarters of contraction. Higher prices and reduced ...

Top News

UK Officially in Recession as GDP Drops in Fourth Quarter

Learn about the UK's official recession as government data reveals a 0.3% GDP drop in Q4. Brexit, pandemic, and energy crisis contribute to the economic ch...

Top News

Labour accuses Hunt of being ‘out of touch’, with voting under way in Kingswood and Wellingborough byelections – as it happened

Labour aiming to win two byelections as chancellor defends Sunak’s record, saying ‘economy is turning a corner’

The Guardian - UK

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International Business Times

UK Economy Entered Technical Recession In Q4 Of 2023

All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.

The Guardian - UK

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

Al Jazeera

UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

Evening Standard

FTSE 100 Live 15 February: ‘Low growth not a surprise’, says Hunt, as UK falls into recession

The UK economy finished last year in recession after GDP declined by a bigger-than-expected 0.3% in the fourth quarter.

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Evening Standard

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

The Guardian - UK

UK tips into recession in blow to Rishi Sunak

GDP fell 0.3% in three months to December after collapse in retail sales in run-up to Christmas

The Guardian - UK

Rishi Sunak’s promise to grow the economy ‘in tatters’ as UK enters technical recession – as it happened

UK economy shrank by 0.3% in October-December, worse than expected, putting country into a technical recession in a blow to the PM

The Guardian - AU

Japan loses crown as world’s third-largest economy after it slips into recession

Fall in rank below Germany has been attributed to a weak yen and country’s ageing, shrinking population

Top News

Japan's Economy Slides into Recession, Germany Now Third-Largest Global Economy

Japan's economy unexpectedly slips into recession, leading to Germany becoming the world's third-largest economy. Find out more about this significant econ...

International Business Times

What Is Behind The US Economy's Surprising Strength?

The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed -- deftly averting a dreaded recession in 2023.

Evening Standard

This week’s recession call will be about politics. To the public, the economy’s grim either way

City Comment: For Sunak and Hunt, an official declaration of recession, however shallow, is yet another dent to their claims on the economy

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