UK narrowly avoids recession in back half of 2022 despite December slump

Christmas shoppers in London on December 23, 2021.

Hasan Esen | Anadolu agent | beautiful pictures

The UK economy did not grow in the final quarter of 2022, but shrank by 0.5% in December – more than analysts had expected.

The figures mean the country narrowly avoided a recession – usually defined as two-quarters of negative growth – after a 0.2% decrease in the third quarter.

This is a developing story and will be updated shortly.


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