British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand, a monthly survey showed on Sunday.
The Confederation of British Industry said members reported above-average growth in the three months to the end of July - slightly faster than in the three months to June - but expect this to peter out in the months ahead.
The United States shrank in both the first and second quarters of this year, meeting one commonly used definition of recession.Last week the International Monetary Fund forecast Britain would see the weakest growth of any major economy other than Russia next year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK Foreign Office criticized over North Korea crypto conference organizer's detention in Saudi ArabiaThe UK Foreign Office has come under criticism for its lack of action in getting North Korea cryptocurrency conference organizer Christopher Emms out of Saudi Arabia, where he has been stuck since February at the behest of US authorities.
Read more »
UK: Vodafone donates half a million connections in a bid to “close the digital divide”Vodafone hits 50% milestone to providing free connectivity to a million users
Read more »
UK court rules in favor of Venezuelan opposition leader Juan Guaidó in battle for country's goldLondon's High Court has ruled in favor of Venezuelan opposition leader Juan Guaidó in a battle for the control of gold reserves worth almost $2 billion held in the Bank of England, in a blow to Venezuela's authoritarian President, Nicolas Maduro.
Read more »
Final candidates for next UK prime minister have made pro-crypto statementsPro-crypto British politicians Rishi Sunak and Liz Truss are the final two candidates to be the next leader of the Conservative Party and Prime Minister of the United Kingdom.
Read more »
Human-caused climate change made U.K. heat wave 10 times more likely, study says
Read more »
UK National Security Adviser Warns of Sudden Nuclear War with ChinaBritain’s official National Security Advisor has warned that the risk of nuclear escalation is greater today than it was during the Cold War, particularly with respect to China.
Read more »