10 Feb, 2026
3 mins read

UK, Japan economies slip into recession

The United Kingdom’s economy has entered a recession as its gross domestic product (GDP) fell by 0.3 percent in December 2023. According to the UK’s Office for National Statistics (ONS), the fall in GDP was due to a decline in all main sectors of the economy. This is the “mildest recession” witnessed in 50 years […]