GDP rose by 0.1% in final three months of last year despite fears over inflation and financial turmoil
Business live updates: UK avoids recession
Britain’s economy grew more than initially thought in late 2022 as a boost from builders, manufacturing and the telecoms sector helped the country avoid a recession.
Despite fears that a combination of high inflation, strikes and financial turmoil would lead to falling output, figures from the Office for National Statistics (ONS) showed gross domestic product rose by 0.1% in the final three months of last year.
Continue reading…GDP rose by 0.1% in final three months of last year despite fears over inflation and financial turmoilBusiness live updates: UK avoids recessionBritain’s economy grew more than initially thought in late 2022 as a boost from builders, manufacturing and the telecoms sector helped the country avoid a recession.Despite fears that a combination of high inflation, strikes and financial turmoil would lead to falling output, figures from the Office for National Statistics (ONS) showed gross domestic product rose by 0.1% in the final three months of last year. Continue reading…