UK economy: UK enters recession after economy shrank 0.3% in final months of 2023
The UK economy shrank by 0.3% at the end of 2023, according to the Office for National Statistics.
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The UK economy shrank by 0.3% at the end of 2023, according to the Office for National Statistics.
Figures confirm 0.3 per cent decline in bigger-than-expected year-end contraction
The Bank of England left interest rates unchanged at 5.25% on Thursday, as widely expected.
LONDON, Dec. 25 (Xinhua) -- At risk of recession, the United Kingdom (UK) has witnessed a year of poor economic performance in 2023, and next year does not look promising either.
A sharp drop in British manufacturing orders eased a bit this month and factories became a little more optimistic about output in the early part of next year, an industry survey showed on Tuesday.... -December 19, 2023 at 06:10 am EST - MarketScreener