Breaking News
UK Economy Avoids a Recession in 2022 by the Thinnest of Margins
UK Economy avoids a recession in 2022 by the thinnest of margins
- GDP falls 0.5% in December
- This follows GDP growth of 0.1% in November
- Q4 GDP was flat, UK avoids recession for 2022
- Cold weather and the postponement of premier league matches contributed to a very subdued GDP report for December
- Modest growth in construction helps the UK to avoid recession
“A modest decline in GDP for December was a little weaker than expected. Nonetheless, it was enough to avoid what was widely predicted to be a recession in 2022. This release paints a very subdued picture for the state of the economy in Q4, although exceptionally cold weather and the postponement of premier league matches seem to have distorted the figures somewhat.”
Jonathan Moyes, Head of Investment Research at Wealth Club comments.
“The release will do little to sway the opinions of economic forecasters. It remains a brave call to signal a turning point in sentiment for the UK. However, there does appear to be a more optimistic consensus forming. The Bank of England upgraded its outlook for the economy last week, energy prices are falling sharply, China is reopening, and interest rate expectations have eased significantly.”
People In This Post
Companies In This Post
- Composable Architecture and the Cultural Shift of Agile Delivery Read more
- NAB Acquires Fintech Banked, Making Payments Easier for More Businesses Read more
- LexisNexis Risk Solutions Launches AI-Driven Location Intelligence for U.S. Home Insurance Carriers to Improve Property Risk Assessment Read more
- Broadridge Announces Integrated Infrastructure for Tokenized Securities Read more
- Fintech Meetup 2026: Get Ready for Fintech Meetup in Europe Read more
Nairobi City Thunder Name Send App as Main Sponsor for the 2026 Season
Nairobi City Thunder have announced Send App, a leading cross-border remittance and payments platform by Flutterwave, as the club’s front-of-shirt sponsor on a two-season deal, starting with the 2026 campaign. The partnership carries added significance, with Flutterwave CEO and Nairobi City Thunder investor, Olugbenga Agboola, uniquely positioned across both organisations.
RATO Teams Up With iDenfy to Scale Online User Onboarding in the Banking Industry
iDenfy, a RegTech company offering ID verification and fraud prevention solutions, has announced a partnership with RATO, a licensed bank with nearly 30 years of financial heritage in Lithuania. By integrating iDenfy's AI-powered identity verification and anti-money laundering (AML) screening into its digital onboarding flow, RATO bank can now verify new customers faster, more securely, and in full compliance with KYC and AML regulatory requirements through its newly launched mobile application.
Backbase and Atos Partner to Accelerate AI-native Banking Across Regulated Markets in APAC, Middle East, and Europe
Backbase, creator of the world’s first AI-native Banking OS, and Atos, a global leader in digital transformation, today announced a strategic partnership to jointly support financial institutions accelerating their AI-driven transformation programs across international markets including Africa, Asia Pacific, the Middle East, Portugal, Spain, Southeast Europe, Switzerland, and Turkey.
Basware Invoice Lifecycle Management Available on SAP® Store to Help CFOs and CIOs Manage Cash Flow During ERP Migration
Basware, the global leader in Invoice Lifecycle Management, today announced that Basware Invoice Lifecycle Management for SAP Cloud ERP is now available on SAP® Store, the online marketplace for SAP and partner offerings, helping CFOs and CIOs to manage cash flow and improve compliance during ERP migration.
Global Fintech Pine Labs Enters the Philippines Market with GCash for Business as Its First Payments Partner
GCash for Business, backed by the largest cashless ecosystem in Philippines, is partnering with global fintech platform Pine Labs.
Temenos Core Banking SaaS to Power Questrade Financial Group’s Banking Offering
QFG has gone-live with Temenos Core Banking SaaS. to power the introduction of the firm’s banking products to the Canadian market under its new regulated banking entity, Questbank
Viva.com Brings Integrated Payments, Banking and Financing to Five New European Countries
Viva.com has extended its European operations to Estonia, Latvia, Lithuania, Slovakia and Slovenia, bringing its total footprint to 29 countries
Composable Architecture and the Cultural Shift of Agile Delivery
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
NAB Acquires Fintech Banked, Making Payments Easier for More Businesses
NAB has acquired Banked, a global technology platform provider that helps customers and businesses make and receive payments instantly
LexisNexis Risk Solutions Launches AI-Driven Location Intelligence for U.S. Home Insurance Carriers to Improve Property Risk Assessment
LexisNexis® Risk Solutions announced the launch of LexisNexis® Location Intelligence for Home, an AI-driven predictive model
Broadridge Announces Integrated Infrastructure for Tokenized Securities
Broadridge Financial Solutions, Inc. (NYSE: BR), a global fintech leader, today announced a comprehensive expansion of its tokenization capabilities, providing institutional firms the infrastructure to operate across tokenized and traditional securities on a single, integrated platform.
Fintech Meetup 2026: Get Ready for Fintech Meetup in Europe
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
JCB and Credit Card Association of the Philippines (CCAP) Launch Partnership to Boost Financial Literacy Among Filipinos
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, has officially formalized partnership with the Credit Card Association of the Philippines (CCAP) through a Memorandum of Agreement signed on April 30, 2026.
Nairobi City Thunder Name Send App as Main Sponsor for the 2026 Season
Nairobi City Thunder have announced Send App, a leading cross-border remittance and payments platform by Flutterwave, as the club’s front-of-shirt sponsor on a two-season deal, starting with the 2026 campaign. The partnership carries added significance, with Flutterwave CEO and Nairobi City Thunder investor, Olugbenga Agboola, uniquely positioned across both organisations.