GDP

Boasting a Gross Domestic Product (GDP) of $22.3 trillion, the US is far and away the world’s biggest economy.

In the three months to June, the UK economy contracted amid the worst inflationary crisis in decades.

According to the World Bank, Ukraine’s economy is on track to shrink by almost half this year following Russia’s unprovoked invasion on February 24.

Data suggests that the UK economy recovered slower in the third quarter of the year before the emergence of the Omicron variant, despite the easing of covid restrictions over the summer.

The UK economy barely grew in October, contributing to concerns about the recovery from the coronavirus pandemic.