Tag: economic contraction

Industries, Others

UK service sector records fastest decline in activity since January 2021

October 24, 2022

Via: Sky News

The survey of 650 manufacturers and 650 service providers showed that growth was lower than expected and was at a level not seen since the financial crash, if the months of the pandemic are excluded. Scores below 50 on the […]


US economy drops at 0.6% annual rate from April through June

September 29, 2022

Via: ABC News

Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate. It marked the second consecutive quarter of economic […]