Home Business news UK falls into technical recession after economy shrinks again – business live

UK falls into technical recession after economy shrinks again – business live

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Rolling coverage of the latest economic and financial news, including the UK GDP report for the last quarter of 2023

While the economy has now decreased for two consecutive quarters, across 2023, GDP is estimated to have increased by 0.1% compared with 2022, the ONS says.

All three major parts of the UK economy contracted in October-December, today’s GDP report shows.

Continue reading…Rolling coverage of the latest economic and financial news, including the UK GDP report for the last quarter of 2023While the economy has now decreased for two consecutive quarters, across 2023, GDP is estimated to have increased by 0.1% compared with 2022, the ONS says.All three major parts of the UK economy contracted in October-December, today’s GDP report shows. Continue reading…