UK slips into recession ...News

Russia Today - Economy
UK slips into recession
source : Russia Today ( News ) () 39
The economy has now registered two consecutive quarters of contraction The British economy fell into recession in the final quarter of 2023, according to official figures released on Thursday. GDP dropped by 0.3% in the fourth quarter following a 0.1% decline in the previous quarter, the Office for National Statistics (ONS) has said. A technical recession is typically defined as two successive quarters of contracting output. All three main sectors of the economy – services, production, and construction – posted declines in the fourth quarter, according to the ONS. For the whole of 2023, the economy is estimated to

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