UK economy avoids recession after growing in fourth quarter

UK economy avoids recession after growing in fourth quarter
UK economy avoids recession after growing in...
 © Parikiaki 2023
Britain’s economy grew in the fourth quarter of last year, official data showed on Friday, with a jump of business at travel agents and state support for soaring energy bills helping the country avoid falling into recession. Economic output increased by 0.1% from the previous three months after shrinking by 0.1% in the third quarter, which was a smaller contraction than previously thought. The Office for National Statistics (ONS) had previously said the economy showed no growth in the fourth quarter. Two consecutive quarters of contraction...


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Article automatically added to our system on Friday, March 31, 2023

UK economy avoids recession after growing in fourth quarter


Contents of this article including associated images are © Parikiaki 2023
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Article Tags: #economy   #avoids   #recession   #after   #growing   #fourth   #quarter  


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