by mark000
UK
Q2 initially reported as 0.2% now 0.0%
Q3 initially reported as 0.0% now -0.1%
NZ
22Q4: -0.6%
23Q1: was 0.0% now -0.2%
23Q2: was 0.9% now 0.5%
23Q3: just released, forecast was +0.3% instead -0.3%
The global economy is faring worse than expected in 2023.
via CNN:
The United Kingdom’s economy shrank in the third quarter of this year, according to revised official data, stoking concerns that it could be heading for a shallow recession.
The country’s gross domestic product fell by 0.1% in the three months to the end of September, compared with an initial estimate of no change, the Office for National Statistics said on Friday.
GDP data for the preceding quarter was also revised down to show no growth, compared with a previous estimate that the economy had expanded by 0.2% in the April-June period.
The ONS said output in the dominant services sector fell 0.2% in the third quarter, offsetting increases in construction and manufacturing. Consumer spending dropped 0.5% over the same period, a slightly bigger decline than the 0.4% the ONS had initially estimated.