Tag: #ONS
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UK economy plunges into largest recession on record
London, 12th August: The UK economy is officially in the largest recession on record during the coronavirus pandemic. According to the official figures the economy of the United Kingdom has plunged into the largest recession on record since the pandemic crisis. The UK has been tipped into the "largest recession on record", according to official…
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UK economy shrinks as Brexit looms
London, Oct 10 (AFP/APP):Britain’s economy contracted in August, official data showed Thursday ahead of the nation’s exit from the European Union later this month. Gross domestic product — the combined value of all goods and services produced in the economy — slid 0.1 percent in August from July, the Office for National Statistics said in…
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Britain’s GDP contracts by 0.2 pct in Q2
LONDON, Oct 1 (XINHUA/APP):Britain’s gross domestic product (GDP) contracted by 0.2 percent in Quarter 2(Q2), unrevised from the previous estimate, the Office for National Statistics (ONS) said on Monday. According to the ONS, the services sector continued to provide the main positive contribution to overall GDP growth, but slowed to its weakest rate in three…