"UK Economy Enters Recession as Q4 GDP Contracts More Than Expected"
TL;DR Summary
The UK economy entered a technical recession in the final quarter of 2023, with a 0.3% contraction in GDP, marking the second consecutive quarterly decline. All three main sectors of the economy experienced contractions, and the overall GDP for 2023 only increased by 0.1% compared to the previous year. Inflation remains high at 4%, putting pressure on household finances.
- UK economy slipped into technical recession at the end of 2023 CNBC
- U.K. Enters Recession After Economy Shrinks More Than Expected The Wall Street Journal
- The Bank of England gambled with your money — and lost UnHerd
- UK preliminary Q4 GDP -0.3% vs -0.1% q/q expected ForexLive
- UK Gross Domestic Product Preview: Another contraction could put BoE against the ropes FXStreet
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