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U.K. Economy Shrank in 3Q, as Recession Signals Loom -- Update

Por: MarketWatch Business December 22, 2023

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Economists polled by The Wall Street Journal had also expected flat on-quarter growth in 3Q. In addition, the ONS revised down GDP figures for 2Q, now saying there was zero growth, after it had previously said the economy grew 0.2%. It meant the U.K. narrowly escaped a technical recession in the middle two quarters of 2023, defined as two consecutive three-month periods of negative growth. The economy contracted slightly in the third quarter,... + full article



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