Great Recession in Europe
Preliminary figures released by the Office for National Statistics (ONS) have revealed that the British economy has officially entered a recession in the latter half of 2023. The grim data indicates a contraction in GDP for two consecutive quarters, marking what economists term as a "technical recession."
Consumer sentiment rose for a fourth consecutive month in December, the survey carried out jointly by the Central Bank and the Turkish Statistical Institute (TÜİK) has shown.
The consumer confidence index advanced 2.6 percent month-on-month after rising 1.1 percent in November to touch 77.4 points.
Any index figure above 100 indicates optimism among consumers.