Business Live: What does a shock drop in GDP imply for the economic system and can it power a charge reduce?

Join Business Live because the economic system remained in reverse gear throughout October, based on official figures overlaying the month forward of the federal government’s first funds.

The Office for National Statistics (ONS) stated output fell 0.1% following the 0.1% decline recorded for the earlier month.

It marked the primary time because the COVID pandemic that the economic system had shrunk for 2 consecutive months. The figures confirmed zero progress within the powerhouse providers sector, with manufacturing and development declining at a tempo of 0.6% and 0.4% respectively.

Economists had anticipated a constructive headline determine

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