Danica Kirka, The Associated Press

Danica Kirka is a reporter with The Associated Press,  an American not-for-profit news agency headquartered in New York City and founded in 1846.

U.K. economy grows sluggishly in 1st quarter as double digit inflation curbs consumer spending

Economic Indicators

U.K. economy grows sluggishly in 1st quarter as double digit inflation curbs consumer spending

No recession but output dropped in several sectors affected by strikes

By Danica Kirka, The Associated Press |May 12, 2023

2 min read

U.K. inflation jumps to 10.4%, surprising analysts

Economic Indicators

U.K. inflation jumps to 10.4%, surprising analysts

Quarter-point rate hike predicted as Ukraine war drives prices up

By Danica Kirka, The Associated Press |March 22, 2023

2 min read

U.K. Treasury chief predicts no recession in Britain this year

Economic Indicators

U.K. Treasury chief predicts no recession in Britain this year

Amid historic inflation and hospital strikes, financial advisor says Hunt “needs to remain boring and predictable”

By Danica Kirka, The Associated Press |March 15, 2023

5 min read

U.K. economy stagnates during final three months of 2022

Economic Indicators

U.K. economy stagnates during final three months of 2022

Britain dodged two consecutive shrinking quarters, GDP grew 0.4% in 2022

By Danica Kirka, The Associated Press |February 10, 2023

2 min read

BoE rate hike says “too soon to declare victory”

Economic Indicators

BoE rate hike says “too soon to declare victory”

Inflation has slowed but is still fuelling a cost-of-living crisis, public-sector strikes and fears of recession

By Danica Kirka, The Associated Press |February 2, 2023

4 min read

U.K. inflation eases for a 2nd month, falling to 10.5%

Economic Indicators

U.K. inflation eases for a 2nd month, falling to 10.5%

Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024

By Danica Kirka, The Associated Press |January 18, 2023

3 min read

U.K. inflation eases, remains close to 40 year high

Economic Indicators

U.K. inflation eases, remains close to 40 year high

At 10.7%, British inflation higher than 7.1% in U.S.

By Danica Kirka, The Associated Press |December 14, 2022

2 min read

Bank of England makes biggest interest rate hike in 30 years

Economic Indicators

Bank of England makes biggest interest rate hike in 30 years

The aggressive move comes even as the bank predicted a two-year economic contraction

By Danica Kirka, The Associated Press |November 3, 2022

4 min read

New U.K. leader to face highest government debt in 60 years

Economic Indicators

New U.K. leader to face highest government debt in 60 years

With rampant inflation, public borrowing rose to 98% of economic output in September

By Danica Kirka, The Associated Press |October 21, 2022

3 min read

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