ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, July 27, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home World

BREAKING: UK Economy Enters Recession

According to BBC, the UK is considered in recession if GDP falls for two successive three-month periods – or quarters.

by NewsOnline Nigeria
February 15, 2024
in World, Headline
0
UK Economy

UK Economy has entered a recession.

 

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

 

This Nigeria news platform gathered that the gross domestic product shrank by 0.3 per cent in the fourth quarter of 2023 after contracting 0.1 per cent in the previous three months, the Office for National Statistics said in a statement, meeting the technical definition of a recession.

 

SEE ALSO: Edo Guber: Blame Obaseki, NWC If We Fail To Field Candidate – PDP Secretary

 

According to BBC, the UK is considered in recession if GDP falls for two successive three-month periods – or quarters.

 

The figures will be a blow to Prime Minister Rishi Sunak. Growing the economy was one of five pledges he made in January 2023.

 

In 2020, the UK economy entered recession and contracted by a record 20.4 per cent in the second quarter with the country in lockdown over the coronavirus pandemic, official data had shown.

“It is clear that the UK is in the largest recession on record,” the Office for National Statistics said then.

 

Meanwhile, in December 2023, Britain’s economy unexpectedly shrank in the third quarter, official data showed, raising fears of a potential recession before an election due next year (2024).

 

Gross domestic product contracted 0.1 per cent between July and September, down from a prior estimate of zero growth, the Office for National Statistics said in a statement.

 

Details later

ADVERTISEMENT
Previous Post

Peter Obi Warns Against Stopping Nigerian Nurses From Global Opportunities

Next Post

President Tinubu To Meet State Governors Over Economic Hardship, Insecurity

Next Post
President Tinubu

President Tinubu To Meet State Governors Over Economic Hardship, Insecurity

Trending Stories

Week 4 Pool Result for Saturday 26

Week 4 Pool Result for Saturday 26, July 2025, UK 2025/2026 From Pool Agent

Peter Obi

BREAKING: PDP Woos Peter Obi With 2027 Presidential Ticket Amid Political Realignment

Olayemi Cardoso

BREAKING: CBN Governor, Olayemi Cardoso Faces Arrest Over ₦5.2 Trillion Surplus

UK Economy

BREAKING: UK Economy Enters Recession

Watch Viral Sex Video of Anambra Married Woman

Watch Viral Sex Video Of Anambra Married Woman With Husband’s Best Friend

Ahmed Farouk

BREAKING: NMDPRA CEO, Ahmed Farouk Under Fire Over Alleged Misuse of Public Funds

Tinubu

Class of ’99 Governors Urge Tinubu to Establish Cottage Industries, Reject N5,000 Palliatives

Naira

Dollar To Naira Black Market Exchange Rate Today, 26 July 2025

Tinubu, Olamide, 9ice, Bukayo Saka

Lagos Renames Streets After Tinubu, Olamide, 9ice, Bukayo Saka [Full List]

GTBank, UBA, First Bank,

BREAKING: GTBank, UBA, First Bank, 5 Others Meet CBN Recapitalisation (FULL LIST)

Latest Stories

Tinubu

Class of ’99 Governors Urge Tinubu to Establish Cottage Industries, Reject N5,000 Palliatives

Peter Obi

BREAKING: PDP Woos Peter Obi With 2027 Presidential Ticket Amid Political Realignment

Ahmed Farouk

BREAKING: NMDPRA CEO, Ahmed Farouk Under Fire Over Alleged Misuse of Public Funds

Tinubu, Olamide, 9ice, Bukayo Saka

Lagos Renames Streets After Tinubu, Olamide, 9ice, Bukayo Saka [Full List]

Week 4 Pool Result for Saturday 26

Week 4 Pool Result for Saturday 26, July 2025, UK 2025/2026 From Pool Agent

Naira

Dollar To Naira Black Market Exchange Rate Today, 26 July 2025

Olayemi Cardoso

BREAKING: CBN Governor, Olayemi Cardoso Faces Arrest Over ₦5.2 Trillion Surplus

WAFCON Final

BREAKING: Tinubu Approves Full Payment of Super Falcons’ Bonuses Ahead of WAFCON Final

UK Doctors

BREAKING: UK Doctors Embark On Strike Despite PM Starmer ’s Plea

AIG Akinwale

AIG Akinwale Decorates 22 Promoted Zone 3 Police Officers

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria