quarter

“Nation In Stagnation.” The UK Economy Had Its Worst Quarter In A Year As Property Values Decline

Britain’s GDP shrank in the third quarter, marking the worst showing in a year, as the weight of high interest rates caused the real estate sector to contract. As the majority of the UK economy is composed of the services sector, the Office for National Statistics (ONS) said on Friday that the 0.1% decline in … [Read more…]

After output declined in the third quarter, Europe’s economy is in danger of entering a recession

Following official data released on Tuesday indicating a slight contraction in third-quarter output, the euro area economy faces the risk of entering a recession later this year. According to an initial estimate released by Eurostat, the European Union’s statistics office, the gross domestic product of the 20 countries that use the euro decreased by 0.1% … [Read more…]