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Escription UK Economy Slides Into Recession Naija Anchor News 1 Likes 7 Views - Foreign Affairs - Nairaland

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Escription UK Economy Slides Into Recession Naija Anchor News 1 Likes 7 Views by Ositamaxwell: 12:08pm On Feb 16
escription

UK Economy Slides into Recession

Naija Anchor News
1
Likes
7
Views
Feb 15
2024
#UnitedKingdom
#Ukrecession
UK economy slides into recession. The United Kingdom, UK, economy has entered recession after recording two successive quarters of negative economic growth in the second half of last year, official data indicated on Thursday.

Reuters reports that the UK’s Gross Domestic Product, GDP, shrank by 0.3 per cent in the fourth quarter of 2023 after contracting 0.1 per cent in the previous three months, meeting the technical definition of a recession.

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