The Latest Breaking News from GDP

French Finance Minister Bruno Le Maire has announced €10 billion of spending cuts across all government departments and agencies to make up for a drop in the 2024 GDP growth forecast to 1 percent, from 1.4 percent.

Analysts say Beijing needs to roll out measures to stimulate greater domestic consumption amid slowing growth.

No pandemic, no lockdown, but no economic growth either. Britain has slipped into recession, official figures confirm, as GDP shrank by a worse than expected 0.3 per cent in the three months from October to December, following a 0.1 per cent decline in the previous 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...

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.

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

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

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

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