The UK slips into a recession just months ahead of a general election.
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GUEST - Xhanti Payi – PwC Senior Economist and Malungelo Booi – KAYANews Reporter
The United Kingdom has slipped into recession just months ahead of a general election, official figures showed. Thursday, derailing Prime Minister Rishi Sunak’s pledge to generate economic growth.
Gross domestic product fell 0.3% in the final three months of 2023, following a 0.1% contraction in the July-to-September period, the Office for National Statistics said. A recession is commonly defined as two consecutive quarters of contraction
The United Kingdom has slipped into recession just months ahead of a general election, official figures showed. Thursday, derailing Prime Minister Rishi Sunak’s pledge to generate economic growth.
Gross domestic product fell 0.3% in the final three months of 2023, following a 0.1% contraction in the July-to-September period, the Office for National Statistics said. A recession is commonly defined as two consecutive quarters of contraction
