in

UK on the brink of recession after economy contracts by 0.2% in the third quarter

UK on the brink of recession after economy contracts by 0.2% in the third quarter

The Bank of England has warned that the U.K. is facing its longest recession since records began a century ago.

Huw Fairclough | Getty Images News | Getty Images

LONDON — The U.K. economy contracted by 0.2% in the third quarter of 2022, signaling what could be the start of a long recession.

The preliminary estimate indicates that the economy performed better than expected in the third quarter, despite the downturn. Economists had projected a…


Posted by Editor

Albiceleste of Steel? World Cup Group C Preview: Argentina, Saudi Arabia, Mexico, Poland

Why Some States Went in Different Directions in Midterms