Why UK recession may be deeper than two quarters of falling GDP suggest

Why UK recession may be deeper than two quarters of falling GDP suggest - short news


Greater fall per head and latest trade data illustrate longer term decline of economy in need of resilience

As the UK economy struggled for momentum, as households tightened their belts, higher defence spending in the second half of last year was a factor that prevented it from contracting by more than it did.

The second estimate by the Office for National Statistics of national income, as measured by gross domestic product last year, showed that extra cash for the military, and..


Read more on The Guardian

source: The Guardian - 28.03.2024

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