Sky News
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UK economy at risk of recession, official figures reveal
Posted
December 22, 2023
Views
25,768
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December 22, 2023
25,768
180
81
1.01%
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2:29Now PlayingThe UK economy has performed worse than previously thought and below the expectations of economists, new official figures show, meaning the country has taken the first step towards recession.
There's been a downward revision to GDP, a key measure of economic growth, the Office for National Statistics (ONS) said.
Rather than remaining stagnant, as first thought, the economy contracted 0.1% in the three months from July to September.
#skynews #economy #inflation
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