Posted 12/15/2023, 7:48:00 AM
UK Growth Rebounds as Services Expand, but Housing Market Faces Challenges Ahead and Europe Risks Recession
- UK business growth rose to a 6-month high in December, led by faster service sector growth, while manufacturing declined further
- Eurozone business activity contracted at a steeper rate in December, pointing to recession
- UK house prices predicted to fall 2-4% in 2024 due to high interest rates affecting affordability
- Cop28 president, also head of UAE's oil company, says will continue record investment in oil and gas production
- Almost 200 super prime £10m+ homes sold in London in past year as wealthy return to the city from countryside