Category: Services sector

IMF warns Trump trade tariffs could dent global economy

New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%While the IMF is upbeat about global growth it knows where dangers lurkThe International Monetary Fund has warned the trade tariffs...

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UK economy continues recovery from recession with GDP growth of 0.6%

ONS data shows growth in second quarter after 0.7% rise in the first three monthsBritain’s economy has extended the recovery from recession last year after recording growth of 0.6% in the three months to June.Figures from...

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Next PM likely to inherit improved economic backdrop after UK growth revised up

Updated quarterly GDP confirms UK was fastest-growing economy in G7 with consumer confidence returningBusiness live – latest updatesThe UK economy grew at a faster rate than previously thought in the first quarter of 2024,...

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UK clothing sales to EU plummet as Brexit red tape deters exporters

Small and medium-sized firms badly hit as huge drop in apparel sales helps fuel 18% slide in all-non food exportsUK exports of clothing and footwear to the EU have dived since Brexit, according to a new study that shows the...

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UK has moved out of recession, official figures show

GDP rose by 0.6% in first quarter of 2024 but forecasters expect economy to grow slowly this yearBusiness live – latest updatesThe UK is officially out of recession after figures showed the economy grew by 0.6% in the...

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UK will be worst performer in G7 next year, OECD forecasts

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economyThe UK will be the worst-performing economy in the G7 next year, according to the Organisation for...

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UK economic outlook has worsened, warns OECD

Global forecast contrasts with downbeat assessment for a British economy constrained by high interest rates, price rises and staff shortagesThe UK’s economic outlook has worsened this year as high interest rates and the...

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