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Author Topic: UK can expect year of stagnation after narrowest of escapes from recession  (Read 354 times)

NadiaWits

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UK can expect year of stagnation after narrowest of escapes from recession

Marginal expansions and contractions in 2023 will do little to solve a lack of investment and export shortfallUK narrowly avoids recessionBusiness live updates: UK ‘not out of woods yet’ – Jeremy HuntIt was a recession in all but name: that is the conclusion of many economists who argue that while the official data shows the UK economy stood still in the last three months of 2022 rather than contracting, it is still in bad shape.To be precise, the economy actually expanded by 0.01% in the fourth quarter, an increase so statistically insignificant that it is rounded down to zero. Had Britain not added just £77m to its £2.2tn gross domestic product (GDP) then it would have fallen into a technical recession, characterised by two consecutive quarters of negative growth. Continue reading...

Source: UK can expect year of stagnation after narrowest of escapes from recession



johnniewv60

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murieldv2

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odessajt3

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AlekseyTep

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