#gdp-contraction
#gdp-contraction
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fromwww.theguardian.com
1 week agoUK borrowed more than expected in November amid pre-budget pressure
Figures from the Office for National Statistics (ONS) showed public sector net borrowing the difference between spending and income was 11.7bn last month, 1.9bn less than in the same month a year earlier. In the first snapshot since the November budget, the reading was above City predictions of a 10bn deficit. Tom Davies, an ONS senior statistician, said: Despite an increase in spending, this month's borrowing was the lowest November for four years.
UK news
Germany news
fromwww.independent.co.uk
4 months agoGerman economy shrank by 0.3% in second quarter in worse showing than initially thought
German GDP contracted 0.3% in Q2 versus Q1; manufacturing, construction, and household spending declined, prompting a government-led investment push including a 500 billion-euro fund.
#us-economy
US Elections
fromBusiness Matters
8 months agoUS economy shrinks for first time since 2022 as Trump tariffs rattle markets
US economy contracted by 0.3% in Q1 2025 due to surge in imports before new tariffs.
fromLondon Business News | Londonlovesbusiness.com
8 months agoUS news
Pre-tariff import surge drives GDP contraction in the US in Q1 - London Business News | Londonlovesbusiness.com
US economy contracted 0.3% in Q1 2025, driven by increased imports and subdued consumer spending, following tariff expectations.
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