NEWS

International Business Newsletter-Britain is afraid of falling into negative growth!

European economic growth is weak! Britain is afraid of falling into negative growth!


Recently, the European Commission released the Economic Outlook Report for the Autumn of 2023, and once again lowered the economic growth forecasts of the EU and the Eurozone this year and next year.


According to the data released by the National Bureau of Statistics, the UK's GDP in the third quarter was 0% from the initial value, which means that the UK's GDP stagnated in the third quarter. 


Weak economic growth in the UK is a long-term problem. Since Brexit, trade between Britain and Europe has declined, which has caused instability in the external market. Meanwhile, there is insufficient development in emerging markets and lack of new momentum. The Bank of England predicts that the probability of economic recession in the UK in 2024 is 50%.


At the same time, due to high inflation and declining living standards, strikes in various industries in Britain have occurred one after another. Since the beginning of this year, British railway workers have gone on strike several times in succession.


According to the data released by the National Bureau of Statistics recently, the year-on-year increase of consumer price index in Britain dropped to 4.6% in October from 6.7% in September, hitting a new low in two years. 




欧洲经济增长乏力! 英国恐陷入负增长!


       日前,欧盟委员会发布了2023年秋季经济展望报告,再次下调了欧盟与欧元区今明两年的经济增长预期。


       据英国国家统计局公布的数据显示,英国第三季度GDP环比初值为0%,这意味着英国第三季度GDP陷入停滞。


       英国经济增长乏力是一个长期问题。自英国“脱欧”以后,英欧贸易下滑,使对外市场出现不稳定性。同时,在新兴市场方面开拓不足,缺乏新动能。英国央行预计,2024年,英国经济衰退的可能性为50%。


       与此同时,由于高通胀、民众生活水平下滑,英国各行业罢工此起彼伏。今年以来,英国铁路工人已经连续多次举行罢工。


       据英国国家统计局日前公布的数据显示,英国10月消费者价格指数同比涨幅从9月的6.7%降至4.6%,创两年来新低。