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UK GDP news: UK economy entered recession in second half of 2023

Britain s economy fell into a recession in the second half of 2023, with GDP contracting by a worse-than-expected 0.3% in the three months to December. The fall was the largest since the first quarter of 2021. The Bank of England expects the economy to pick up slightly in 2024, reports say ....

United Kingdom , Office For National Statistics , National Statistics , Uk Gdp News , Uk Gdp , Uk Economy , Europe Inflation ,

ECB Unexpectedly Raises Base Interest Rate to Record 4.5% Per Annum

The European Central Bank (ECB) announced on Thursday that it had raised the base interest rate by 25 basis points to the record 4.5% per annum. ....

Governing Council , European Monetary Policy , Europe Inflation , Crisis In Europe ,

Europe inflation steady in August as ECB keeps open mind on rates

The consumer price index for the 20 countries that use the euro currency was unchanged at 5.3% from the July reading, supported by food, alcohol and tobacco prices that increased a painful 9.8%, according to official figures Thursday from EU statistics agency Eurostat. ....

Christine Lagarde , European Central Bank , Central Bank President Christine Lagarde , Europe Inflation , Fuel Costs , Rate Hikes ,