UK faces recession after GDP fell 0.2% in third quarter

Gross domestic product (GDP) of the UK recorded in the third quarter of 2022 0.2% contraction compared to the previous three monthsWhen had grown 0.2%According to a preliminary estimate published by the Office for National Statistics (ONS).

The decline in GDP in the quarter reflects the impact of the 0.6% contraction in September. state funeral in his honor II. Isabella affected business activity.

“It is important to note that data for September 2022 was affected by the State Funeral of Her Majesty Queen Elizabeth II, with some businesses closing or operating differently on this day,” the British statistics office said. Said.

Like this, Europe’s second largest economy was still 0.4% below Q4 2019 level in the third quarter of 2022The last before the Covid-19 pandemic is complete.

Compared to the 0.2% drop in UK GDP in the third quarter of 2022, US economy grew 0.6 percentThe euro zone, on the other hand, expanded by 0.2%.

Source: Informacion

Popular

More from author

Macron’s “Hidden San” hiding in the video was not a bag of 00: 34

It turned out that the French Emmanuel Macron president was a “hidden small bag” napkin, hiding when journalists appeared in the video spreading to...

Almost half of Russian films received state support in 2024 06:00

Progress Progress Group Research Center has presented a degree of the largest film projects of 2024, which received maximum state support. According to the...

They want to develop the standard of Russian cuisine in Russia 05:07

The Russian Ministry of Industry and Trade sees a tremendous potential in the development of Russian cuisine, which plans to develop a suitable standard...

The incredibly large black holes in the early universe would come out by scientists 03:42

American astrophysicists from the Massachusetts Institute of Technology found large black holes that could not be explained in the existing quasar when the universe...