Today news
About the same in other media
U.K. Economy Shrank in Second Quarter as Inflation Hit Households
Reading now: 207
wsj.comLONDON—The U.K. economy contracted in the second quarter as households facing soaring inflation cut back on spending and programs to contain the spread of Covid-19 were wound down, presaging tough times ahead for an economy that is expected to enter a lengthy recession.
Britain’s statistics agency said Friday that gross domestic product—a broad measure of the goods and services produced in an economy—fell 0.1% in the three months through June. Economists expected a 0.2% decrease in output, following a 0.8% rise in the first quarter.
Read more on wsj.comAbout this in other media
Truss poised to plunge UK economy into ‘inflation spiral’, says Sunak theguardian.com /2 years ago
England’s highly paid water bosses rake it in from lucrative second jobs theguardian.com /2 years ago
Stablecoin Tether's reserves fell $16 billion in second quarter economictimes.indiatimes.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
