Economy Shrinks for 9th Time, Recession Fears Grow
Update: 2025-12-12
Description
Economy Stagnates, Recession Fears Mount: Latest figures show the economy shrank by 0.1% in October, following a similar drop in September and no growth in August. This news adds to growing concerns about the nations financial health, with economists pointing to budget leaks and a weak job market as major reasons for the downturn. The services sector and construction both saw contractions, while production grew but fell short of expectations. Experts warn of a bumpy road ahead, with a significant risk of further economic shrinkage and recession indicators flashing red.
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