Economy contracted in December by 0.5% after expansion of 0.1% and 0.55% in previous two months
The UK narrowly avoided entering a recession at the end of last year, official figures reveal, after economic growth was flat in the final three months of 2022.
However, the economy did contract in December, as feared – by 0.5% – following a growth figure of 0.1% in November and 0.55% in October.
Continue reading…Economy contracted in December by 0.5% after expansion of 0.1% and 0.55% in previous two monthsThe UK narrowly avoided entering a recession at the end of last year, official figures reveal, after economic growth was flat in the final three months of 2022.However, the economy did contract in December, as feared – by 0.5% – following a growth figure of 0.1% in November and 0.55% in October. Continue reading…