GDP contraction News

South Korea's Economy Faces a Setback: Q1 GDP Contracts by 0.2%, Signaling Tough Times Ahead

South Korea's economy contracted by 0.2% in Q1, marking the first decline since last year. The downturn, driven by reduced domestic demand and exports, raises concerns over the cou...

UK Economy Contracts in October, Reeves Promises Long-Term Growth

British Chancellor Rachel Reeves admits the October GDP report shows a 0.1% contraction but promises long-term growth through public finance stabilization, low tax rates, and inves...