The UK narrowly avoided plunging into a recession last year, figures show, after the economy recorded zero growth in the last quarter of 2022.
The economy flatlined between October and December last year, the Office for National Statistics (ONS) said on Friday. Unrounded figures showed 0.01 per cent growth.
This preliminary estimate means that the UK did not see two consecutive quarters of declining gross domestic product (GDP) - the technical definition of a recession.
In December, the economy dropped by 0.5 per cent partly due to workers from transport, the NHS, education and the postal service taking industrial action throughout the month.
The Bank of England still expects the UK to enter recession this year, though it will be shorter and less severe than previously thought.
Watch more from Independent TV: [ Ссылка ]
Click here to subscribe to The Independent: [ Ссылка ]
About The Independent:
Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded.
Connect with The Independent:
Check out our full video catalog: [ Ссылка ]
Videos, daily editorial and more: [ Ссылка ]
Click here to get the best of The Independent daily: [ Ссылка ]
Like The Independent on Facebook: [ Ссылка ]
Follow The Independent on Twitter: [ Ссылка ]
Follow The Independent on Instagram: [ Ссылка ]
Download the iOS & Android app: [ Ссылка ]
Help to support truly independent journalism. Every dollar you contribute will directly fund additional special reports and investigations from a free-thinking, award-winning newsroom you can trust - [ Ссылка ]
Subscribe to Independent Premium for exclusive content & live events: [ Ссылка ]
