in the last few years with manufacturers adapting In contrast, the Eurozone is only expected to grow to a new mode of working within a higher cost and by 0.6% which is in line with the current forecast for higher risk state of the world. [...] This cycle may be difficult to break this year, as the Nevertheless, the biggest question businesses are political climate remains uncertain with the UK, now asking is: is the UK really in a recession? The and the US, preparing for their national elections. [...] Office of National Statistics (ONS) recently revealed The potential outcomes of these critical events are that the UK experienced two back-to-back quarters difficult to predict with the incumbent and opposition of negative growth in the second half of 2023, with a parties both vying for support from households and 0.1% and 0.3% fall in GDP across the third and fourth businesses. [...] Employment the largest contraction in overall employment in 2023 in the Electronics subsector is anticipated to decline in (-10.6%) the trend looks set to continue, with a decline of line with the manufacturing average, by -2.2% in 2024 -4.8% in headcount forecast for 2024 and -4% in 2025. [...] The current forecasts the more negative output forecasts for 2023, this trend for the subsector expect output to grow by 1.1% in 2024, looks set to continue as the subsector currently holds the but decline by -1.2% in 2025.
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- 20
- Published in
- United Kingdom
