UK Recession: Stagnating economy is crying out for rate cuts
The message from this week’s economic data is pretty gloomy. GDP shrank by 0.3% in the final three months of last year, after a 0.1% contraction in the previous quarter. For all of 2023, the economy grew just 0.1%; more worrying is 1% compression in the private sector in the final nine months of last year
Source: moneycontrol.com