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contraction

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UK economy contracts in October
December 13th, 2023 - 01:33 GMT

UK economy contracts in October

ALBAWABA – The UK economy shrunk in October as activity declined, according to the United Kingdom’s (UK) Office for National Statistics’ (ONS) data, released on Wednesday. Gross domestic product (GDP) contracted 0.3 percent on sliding construction, manufacturing and services activity, the ONS said in a statement, reported by Agence France-Presse (AFP). On the eve of the Bank of England's (BoE) UK interest rate decision, the ONS data reaffirms the impact ...
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