Browsing Tag

National Statistical Office

UK debt exceeds 2 billion pounds

The UK public debt climbed last July to £ 2,004 trillion, exceeding this threshold for the first time and raising the debt-to-GDP ratio to 100.5%, the first time it exceeded the 100% threshold from fiscal year 1960-61, according to the National Statistical Office (ONS). In July, the public deficit…

China’s GDP slowed to 6% in third quarter of the year

The Gross Domestic Product (GDP) of China, the second largest world economy, slowed in the third quarter of the year to 6%, which represents the slower rate of expansion of the Asian giant since 1992 and one tenth below the 6.1% forecast of…