Recession

2024 - 2 - 15

UK Economy Enters Recession: Rishi Sunak Faces Political Fallout

Economic Recession - Global Economic Trends - Japan Economy - Rishi Sunak - UK Economy

The UK economy has plunged into recession with two consecutive quarters of negative growth, stirring political turmoil for Prime Minister Rishi Sunak. Learn more about the impact of this economic downturn and its implications on upcoming elections.

The UK economy has officially entered a recession after experiencing two consecutive quarters of negative growth in the latter half of last year. This news has sent shockwaves through the British political landscape, particularly for Prime Minister Rishi Sunak and his Conservative party. The 'feel-bad factor' generated by the recession poses a significant challenge for Sunak ahead of the upcoming general elections.

The contraction in GDP by 0.3% in December 2023 marks a significant blow to the UK economy, worsened by reduced spending that contributed to the downturn. This economic downturn is particularly untimely as it coincides with the approach of a crucial general election, further complicating Sunak's agenda.

Additionally, Japan's economy has also slipped into a recession, impacting its global ranking and yielding the third position in economic size to Germany. This global economic slowdown paints a challenging picture for major economies worldwide, with implications on market trends and consumer behavior.

On a brighter note, Germany now stands as the world's third-largest economy behind the US and China, showcasing resilience amidst turbulent global financial conditions. Despite the setbacks faced by the UK and Japan, economic strategies and policies will play a crucial role in navigating through the recession and fostering recovery.

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Image courtesy of "The Punch"

UPDATED: UK economy enters recession (The Punch)

UK economy has entered recession after recording two successive quarters of negative economic growth in the second half of last year, official data showed ...

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Image courtesy of "Financial Times"

UK's 'technical' recession is politically toxic for Rishi Sunak (Financial Times)

Prime minister grapples with the 'R' word after GDP declines for the second straight quarter.

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UK Economy Slides Into Recession (CHANNELS TELEVISION)

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast ...

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Britain falls into recession, with worst GDP performance in 2023 in ... (CNN)

The United Kingdom has slipped into recession just months ahead of a general election, official figures showed Thursday, derailing Prime Minister Rishi ...

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Even a technical recession is a headache for Rishi Sunak (The Guardian)

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor.

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JUST IN: UK economy enters recession as GDP drops by 0.3% (TheCable)

The United Kingdom's economy has entered a recession as its gross domestic product (GDP) fell by 0.3 percent in December 2023.

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UK economy slips into recession, official data shows (Aljazeera.com)

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

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Image courtesy of "BBC News"

UK economy fell into recession after people cut spending (BBC News)

People spending less helped drive the UK economy to shrink by more than expected at the end of last year.

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UK economy slides into recession ahead of election (FRANCE 24)

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast ...

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UK economy falls into recession, adding to Sunak's election challenge (Reuters)

UK GDP contracts 0.3% in Q4 2023, sealing recession · Economic output stands only 1% higher than pre-COVID level · Finance minister Hunt sees signs of brighter ...

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Image courtesy of "CHANNELS TELEVISION"

Japan's Economy Enters Recession (CHANNELS TELEVISION)

A recession is typically defined as two consecutive quarters of economic contraction. The decline was well below market forecasts. Economists polled by Reuters ...

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Japan slips into recession, Germany now world's third-biggest ... (The East African)

"What's particularly striking is the sluggishness in consumption and capital expenditure that are key pillars of domestic demand," said Yoshiki Shinke, senior ...

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Image courtesy of "SaharaReporters.com"

Japan Loses World's Third Biggest Economy To Germany After ... (SaharaReporters.com)

Japan has lost its title as the world's third-biggest economy to Germany after unexpectedly slipping into recession at the end of last year.

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British Economy Has Officially Entered Recession, Figures Show ... (SaharaReporters.com)

The British economy fell into recession at the end of 2023 for the first time since the onset of the coronavirus pandemic, as output shrank more than ...

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UK economy slipped into recession in 2023 (Financial Times)

GDP fell 0.3% in final quarter of last year, dealing a blow to Rishi Sunak's election campaign.

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The Guardian view on the UK recession: no growth and no ideas ... (The Guardian)

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again.

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Germany now world's third-largest economy, as Japan slips into ... (POLITICO.eu)

The country now sits behind only the U.S. and China in terms of economic heft.

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Japan's Economy Slips Into Recession and to No. 4 in Global Ranking (The New York Times)

A slowdown in consumer and business spending held Japan back at the end of last year, with the economy contracting for the second straight quarter.

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Rishi Sunak's five pledges in tatters as UK slides into recession (POLITICO.eu)

Economic output fell by 0.3 percent in the three months to December, heaping more pressure on the government.

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Image courtesy of "Axios"

Recession reality hits major economies (Axios)

Animated illustration of a downward trending market trend line that plateaus and then stops, at. Illustration: Aïda Amer/Axios. Japan and the U.K. each saw ...

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Image courtesy of "Reuters"

White House's Brainard says US won't follow Japan, UK into recession (Reuters)

The U.S. will not follow Britain and Japan into recession because of a fundamentally stronger recovery that has enabled healthy consumer spending, ...

Recession in Japan makes Germany third largest economy ... (Hellenic Shipping News Worldwide)

Japan's nominal gross domestic product (GDP) for 2023 stood at $4.2 trillion in dollar terms, government data showed, compared to Germany's $4.5 trillion, ...

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Japan slips into recession; loses its spot as the world's third-largest ... (The Hindu)

Japan's economy falls to fourth place after contracting in Q4 2023, reflecting population decline and lagging productivity.

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UK economy slips into recession (Premium Times)

"Across quarter 3 (July to Sept) and Quarter 4 2023, we estimate that the UK economy contracted by a cumulative 0.5 per cent...,"

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Recession watch • Resolution Foundation (Resolution Foundation)

And we've got a recession special from myself and James Smith (who runs our macroeconomic work), unpacking today's gloomy GDP stats with everything you need to ...

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UK shoppers pick up their spending, signalling quick end to recession (Reuters)

British retail sales jumped by the most in almost three years in January as consumers recovered their appetite for spending, suggesting the economy could ...

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Image courtesy of "Business Insider UK"

Recession outlook: Japan and UK economies contract as US booms (Business Insider UK)

Japan posted a surprise contraction in GDP, dragged down by its weak currency and aging population. Meanwhile, UK growth shrank for the second straight quarter ...

Economic Watch: Why Japan slips into recession and loses crown ... (新华网)

TOKYO, Feb. 16 (Xinhua) -- Japan's economy shrank for the second quarter in a row in the October-December period, a sign of economic recession, ...

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British retail rebound provides some hope for recession-hit economy (CNBC)

The “strong pick up in sales suggests the worst is now behind the retail sector and falling inflation and rising wages in 2024 will provide a strong platform ...

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Image courtesy of "The Banker"

In Brief: Japan slips into recession; Wells Fargo resolves 2016 fake ... (The Banker)

Plus: JPMorgan and State Street pull out of Climate Action 100+; NatWest reports highest annual profit since 2007, and more.

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What can we expect from the UK economy in 2024 after recession? (Reuters)

British Prime Minister Rishi Sunak suffered a pre-election setback on Thursday when data showed the economy fell into a recession in the second half of 2023 ...

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Image courtesy of "ABC News"

Recession has struck some of the world's top economies. The US ... (ABC News)

Both Japan and the United Kingdom said Thursday their economies weakened during the final three months of 2023.

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Image courtesy of "The New York Times"

U.K. Economy Tipped Into Recession as 2023 Ended (The New York Times)

Growth contracted 0.3 percent from October to December, the latest sign of a lackluster economy slowed by weak retail sales.

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Indian economy a 'bright spot' while Japan, UK fall into technical ... (Livemint)

The UK slipped into recession, with its worst GDP performance in 2023, just months ahead of a general election. Meanwhile, Japan lost its spot as the ...

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Newspaper headlines: 'Britain's recession slide' and caution on staff ... (BBC News)

A range of headlines on the front of Friday's newspapers, with many mentioning the news that the UK fell into a recession during the second half of last ...

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Japan just lost its crown as the world's third-largest economy (CNN)

Japan's economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as ...

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