UK HAS ENTERED A RECESSION FOR FIRST TIME IN ELEVEN YEARS #NayabChohan #TemplateNews #DistantEchoes #NayabChohanLIVE gnayabchohan.com gnayabchohan.com

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GDP fell 20.4% in Quarter 2 2020; with services (-19.9%) manufacturing (-20.2%) and construction (-35.0%) all experiencing record quarterly falls https://t.co/48usB8pTAK pic.twitter.com/AY4QsuMFJI

— Office for National Statistics (ONS) (@ONS) August 12, 2020

Drop in GDP, Apr-Jun 2020

🇩🇪 -10.1%
🇪🇺 -11.9%
🇧🇪 -12.2%
🇮🇹 -12.4%
🇫🇷 -13.8%
🇵🇹 -14.1%
🇬🇧 -20.4%

We’ve already got the worst excess death rate in Europe. Now we’re on course for the worst recession too.

A downturn was inevitable after lockdown – Johnson’s jobs crisis wasn’t.

— Anneliese Dodds (@AnnelieseDodds) August 12, 2020

Speaking to @faisalislam this morning, the Chancellor @RishiSunak responded to the latest GDP statistics. pic.twitter.com/cYO8VijD47

— HM Treasury (@hmtreasury) August 12, 2020

Public sector net debt excluding public sector banks was £2,004.0 billion at the end of July 2020, up £227.6 billion on July 2019.

This is the first time it has exceeded £2 trillion pounds https://t.co/wIcfpkX5uy pic.twitter.com/7SYm6aQ0aH

— Office for National Statistics (ONS) (@ONS) August 21, 2020

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US GDP FELL BY 32.9% IN SECOND QUARTER – THE WORST ON RECORD #NayabChohan #TemplateNews #DistantEchoes #NayabChohanLIVE nayabchohan.com gnayabchohan.com

30 Thursday Jul 2020

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Economy, US Economy

Europe 🇪🇺vs US 🇺🇸GDP

For those who say that US 🇺🇸GDP fall is worse than Europe, remember US 32.9% is quarter annualized.#GDP

For comparison:

US -9.5%
Spain -18.5%
Italy -12.4%
Eurozone (estimate) -12.1%

Quarter annualized:

US -32.9%
would be
Spain -55.8%
Italy -42%

— Daniel Lacalle (@dlacalle_IA) July 31, 2020

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UK ECONOMY GREW BY 1.8% IN MAY – STILL 24.5% LOWER THAN IT’S FEBRUARY LEVEL BEFORE IMPACT OF #Coronavirus, ONS REPORTS #NayabChohan #TemplateNews #DistantEchoes #NayabChohanLive gnayabchohan.com nayabchohan.com

14 Tuesday Jul 2020

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CoronaVirus, Distant Echoes, Economy, Nayab Chohan, NayabChohanLIVE, Template News, UK

Despite a fall in May, the number of businesses in services (15.6%), manufacturing (8.5%) and construction (30.5%) that reported they were not trading remained higher than usual https://t.co/jWhHue2pZm pic.twitter.com/cEhVTwWeiM

— Office for National Statistics (ONS) (@ONS) July 14, 2020

1/6 Thread on today’s UK GDP figures (just published). GDP in the three months to May fell by 19.1% and increased by 1.8% in the month of May. In context, UK economy was nearly a quarter smaller in May than Feb. pic.twitter.com/oOni9m2IdB

— Rob Kent-Smith (@Rob_KS_ONS) July 14, 2020

3/6 Most areas of manufacturing saw some growth pic.twitter.com/VK5QuoyffV

— Rob Kent-Smith (@Rob_KS_ONS) July 14, 2020

5/6 In services growth was particularly strong in the retail sector which grew 12.0%, in other areas the picture was much more muted, with a number of areas seeing further falls. pic.twitter.com/KnKiXGVJEC

— Rob Kent-Smith (@Rob_KS_ONS) July 14, 2020

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#UK CHANCELLOR DELIVERS BUDGET – LIVE #TemplateNews #DistantEchoes #NayabChohan #NayabChohanLIVE nayabchohan.com gnayabchohan.com

08 Wednesday Jul 2020

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Budget, Distant Echoes, Economy, Nayab Chohan, NayabChohanLIVE, Template News, UK

Posted by The Template News, Current Affairs and Sport Website | Filed under Breaking News, Financial, UK

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#UK ECONOMY SHRANK BY A RECORD 20.4% IN APRIL BECAUSE OF #Coronavirus LOCKDOWN – OFFICE FOR NATIONAL STATISTICS #NayabChohan #TemplateNews #DistantEchoes #NayabChohanLIVE nayabchohan.com gnayabchohan.com

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The Chancellor @RishiSunak on @BBCPolitics this morning discussing the impact of coronavirus on the UK economy. pic.twitter.com/gW9U6NRZVg

— HM Treasury (@hmtreasury) June 14, 2020

If the Tories find it ok to blame Labour for the 2008 global financial crisis and subsequent recession, then it’s only fair we blame the Tories for the 20% shrink in the UK economy in April 2020.

— Jonathon (@theanalogkid79) June 12, 2020

#UK @bankofengland will pump £100bn into ECONOMY through buying bonds, and keep interest rates at 0.1%, as a response to #coronavirusuk disruption which the @bankofengland says may be 'less severe' than thought #NayabChohanLIVE

— NAYAB CHOHAN Journalist AND Presenter (@NayabChohanLIVE) June 18, 2020

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#France FACING WORST RECESSION SINCE 1945 – BRUNO LE MARIE, ECONOMY MINISTER SAYS #NayabChohan #TemplateNews #DistantEchoes #NayabChohanLive gnayabchohan.com nayabchohan.com and #DistantEchoes

06 Monday Apr 2020

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Distant Echoes, Economy, france, Nayab Chohan, NayabChohanLIVE, Template News

Posted by The Template News, Current Affairs and Sport Website | Filed under Europe, Financial, France, International News, Politics

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UK ECONOMY SHRINKS BY 0.2% – THE FIRST FALL SINCE 2012 #NayabChohan #TemplateNews #DistantEchoes #NayabChohanLive nayabchohan.com and gnayabchohan.com

09 Friday Aug 2019

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Brexit, Distant Echoes, Economy, Financial, Nayab Chohan, NayabChohanLIVE, Template News, UK

Posted by The Template News, Current Affairs and Sport Website | Filed under Europe, Financial, International News, Politics, UK

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DOW JONES HITS 20,000 @realDonaldTrump @DowJones #USA #NayabChohan #TemplateNews #DistantEchoes #NayabChohanLIVE

25 Wednesday Jan 2017

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Distant Echoes, Donald TRUMP, DonaldTrump, Dow Jones, Economy, Nayab Chohan, NayabChohan, NayabChohanLIVE, Politics, Template News, Trump Rally, USA

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HOW AMERICA ‘CHANGED’ UNDER OBAMA #Obama #StateOfUnion #USA #NayabChohan #TemplateNews

13 Wednesday Jan 2016

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Economy, Obama, Obama's last state of union, USA

THAT’S THE WHITEHOUSE VIEW ..

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Iain Duncan Smith will remain as work and pensions secretary to oversee £12bn in welfare cuts #UKGeneralElection

10 Sunday May 2015

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Austerity, david cameron, Distant Echoes, Economy, Food banks, General Election 2015, George Osborne, Iain Duncan Smith, Nayab Chohan, NayabChohan, NayabChohanLIVE, News, Politics, Template News, UK

Posted by The Template News, Current Affairs and Sport Website | Filed under Analysis, Comment, Politics, UK

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