Switch to the dark mode that's kinder on your eyes at night time.

Switch to the light mode that's kinder on your eyes at day time.

Switch to the dark mode that's kinder on your eyes at night time.

Switch to the light mode that's kinder on your eyes at day time.

in Economy

UK inches closer to technical recession as growth is revised down

by Editor December 22, 2023, 9:57 am 1.4k Views

People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images)

James Manning – Pa Images | Pa Images | Getty Images

LONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter.

U.K. gross domestic product (GDP) fell by 0.1% between July and September, a downward revision from the earlier estimate of flat…

Posted by Editor