recession

UK economy falls into recession, adding to Sunak’s election challenge – Wajobz

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UK economy falls into recession, adding to Sunak’s election challenge – Wajobz

  Britain’s economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an expected 2024 election. The office for National Statistics (ONS) said that gross domestic product (GDP) contracted by a worse-than-expected 0.3% in the three months to … Read more

Is Canada in a technical recession? StatCan to release latest GDP data – National Wa Jobz

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Is Canada in a technical recession? StatCan to release latest GDP data – National Wa Jobz

Statistics Canada is set to release its gross domestic product reading for the third quarter Thursday morning. The federal agency’s preliminary estimate suggested the economy shrank 0.1 per cent. A decline in real GDP would mark the second consecutive quarterly contraction, meeting the definition of a technical recession. However, economists tend to have a higher … Read more