UK likely in recession – data ...News

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UK likely in recession – data
source : Russia Today ( News ) () 44
Revised official statistics show a GDP contraction in the third quarter Britain’s economy unexpectedly contracted in the third quarter of the year, raising the possibility that the country is already in a recession, the latest data shows. Third quarter GDP dropped 0.1% from the previous quarter after initial estimates suggested growth had been flat, according to a revised report by the Office for National Statistics (ONS) released on Friday. The ONS also downgraded its GDP figure for the second quarter, saying there was no growth between April and June, compared to the 0.2% expansion previously estimated. Accordin

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