"Bank of England's Focus as UK Economy Enters Recession in 2023"
TL;DR Summary
European stock markets were higher as UK GDP figures showed the economy fell into a technical recession, with the Stoxx 600 index up 0.7% and major bourses in positive territory. Germany's Commerzbank posted a 55% jump in full-year net profit, while planemaker Airbus announced a special dividend of 1 euro per share. Japan's Nikkei 225 closed above the 38,000 mark for the first time since 1990, and bitcoin hit an over two-year high amid favorable regulatory activity.
- European stocks higher; UK GDP figures show economy fell into technical recession CNBC
- Britain falls into recession, with worst GDP performance in 2023 in years CNN
- Hunt Puts Focus on Bank of England to Pull UK Out of Recession Bloomberg
- U.K. Economy Shrank as 2023 Ended, Tipping Into Recession The New York Times
- Even a technical recession is a headache for Rishi Sunak The Guardian
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