The Latest Breaking News from GDP

The UK looks to have avoided recession in 2022 after estimates today showed GDP unchanged in the final quarter of the year.

The figures come amid predictions that about one in four will be "unable to meet in full their planned energy and food bills from their post-tax income" in the 2023-24 financial year

In the run-up to Kenya’s 2022 polls, economic issues, particularly public debt and joblessness, took centre stage. The Kenya Kwanza team led by William Ruto suggested that Kenya had over-borrowed, a habit they pledged to stop. Ruto’s rivals defended the debt, insisting investment in infrastructure would spur economic growth.

December’s GDP was boosted by us all cranking up the heating. Actual economic growth has not looked so weak in decades

While the better-than-expected GDP growth in the last quarter and declining inflationary pressures are raising optimism, macro uncertainties remain. With interest rate hikes expected to continue, recession possibilities cannot be ruled out. Therefore, fundamentally sound dividend-paying stocks, AbbVie (ABBV), Gilead Sciences (GILD), and Sisecam Resources (SIRE), could be worth investing…

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.

It means mortgages and other debt will become more expensive for millions of people

Tories blamed for creating economic ‘doom loop’ that fails to recognise negative impact of spending cuts

Deepening conflict, sudden changes to regulations and a lack of transparency have made business increasingly hard.