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There have been recent recovery signs - last week, UK unemployment fell for the first time in 18 months. Photo by utilityweek.co.uk
The UK economy has come out of recession, after figures showed it had grown by a weaker-than-expected 0,1% in the last three months of 2009.
The economy had previously contracted for six consecutive quarters - the longest period since quarterly figures were first recorded in 1955, the BBC reported.
There have been recent recovery signs - last week, UK unemployment fell for the first time in 18 months.
The UK's had been the last major economy still in recession.
Europe's two biggest economies - Germany and France - came out of recession last summer. Japan and the US also emerged from recession last year.
Preliminary figures released by the Office for National Statistics (ONS) have revealed that the British economy has officially entered a recession in the latter half of 2023
The UK economy unexpectedly contracted by 0,4% between July and September, according to official figures, meaning the country is still in recession.
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The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
Moldovan President Maia Sandu has formally enacted legislation withdrawing the country from the Commonwealth of Independent States (CIS), marking a decisive step in Chisinau’s gradual disengagement from Russian-led structures
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
A fragile ceasefire between the United States and Iran has coincided with escalating tensions over the Strait of Hormuz, where Iran has moved to tighten control over one of the world’s most critical maritime routes
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