News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
20
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Sawa
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
20
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Official figures show UK economy went into 'shallow' recession last year
World News
2024-03-28 | 04:39
High views
Share
Share
2
min
Official figures show UK economy went into 'shallow' recession last year
Official figures confirmed Britain's economy entered a shallow recession last year, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year.
Gross domestic product shrank by 0.1 percent in the third quarter and by 0.3 percent in the fourth quarter, unchanged from preliminary estimates, the Office for National Statistics said on Thursday.
The figures will be disappointing for Sunak who has been accused by the opposition Labour Party - which is far ahead in opinion polls - of overseeing "Rishi's recession".
Britain's economy has shown signs of starting 2024 on a stronger footing with GDP growing by 0.2 percent in January from December and unofficial surveys suggesting growth continued in February and March.
However, the country has been slow to recover from the effects of the COVID-19 pandemic, and its economy stands just 1 percent bigger than its level of late 2019, with only Germany among Group of Seven nations faring worse.
The economy in 2023 as a whole grew by just 0.1 percent, its weakest performance since 2009 at the end of the global financial crisis, excluding the huge hit to GDP in 2020 caused by the pandemic.
The Bank of England, which has said British inflation is moving towards the point where it can start cutting interest rates, expects the economy to grow by just 0.25 percent this year although official budget forecasters expect a 0.8
percent
expansion.
Sterling was little changed against the U.S. dollar and the euro after the data release.
Thursday's figures also showed growth in households' real disposable income of 0.7 percent compared with no change in the previous quarter.
People were saving slightly more, the ONS said, as the savings ratio rose to 10.2 percent in the three months to December from 10.1 percent in the quarter before.
Reuters
World News
Data
UK
Economy
Recession
Rishi Sunak
Next
France far-right chief confirms election pact with right-wing party
Recommended For You
d-none hideMe
0
World News
06:47
Russia says its forces take control of Kirove in Ukraine's Donetsk region
World News
06:47
Russia says its forces take control of Kirove in Ukraine's Donetsk region
0
World News
05:25
Chinese Navy survey ship enters Japanese waters, Japan's defense ministry says
World News
05:25
Chinese Navy survey ship enters Japanese waters, Japan's defense ministry says
0
World News
05:14
Ukrainian air defense downs 24 Russian drones, Kyiv says
World News
05:14
Ukrainian air defense downs 24 Russian drones, Kyiv says
0
World News
04:52
China, Philippines accuse each other of ramming ships in South China Sea
World News
04:52
China, Philippines accuse each other of ramming ships in South China Sea
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
0
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
0
Israel-Gaza War Updates
2024-08-26
Palestinian health officials: Six killed in Israeli strike near Gaza City beach
Israel-Gaza War Updates
2024-08-26
Palestinian health officials: Six killed in Israeli strike near Gaza City beach
0
World News
03:57
Ukraine's incursion into Russia's Kursk region is legitimate, says NATO's Stoltenberg
World News
03:57
Ukraine's incursion into Russia's Kursk region is legitimate, says NATO's Stoltenberg
Videos
d-none hideMe
0
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
0
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
0
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
0
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
0
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
0
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
0
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
2
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
3
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
4
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
5
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
6
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
7
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
8
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More