Sky News
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'Disappointing' UK economy contraction explained
Posted
November 11, 2022
Views
37,437
Likes
260
Comments
177
Engagement
1.17%
November 11, 2022
37,437
260
177
1.17%
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5:02
3:36Now PlayingThe official definition of a recession is two consecutive quarters of negative growth.
The UK economy contracted by 0.2% in the third quarter, early official figures show - prompting the chancellor to warn that the "tough road ahead" will require "extremely difficult decisions".
The figure marked the first step towards recession.
#uk #economy #money
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