Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
UK economy entered recession last year
short by Hiral / on Friday, 29 March, 2024
The UK economy entered a shallow recession last year, official data released by the Office for National Statistics confirmed. The country's gross domestic product (GDP) shrank by 0.1% in the third quarter and by 0.3% in the fourth, the data showed. The economy contracted for two consecutive quarters, which is the definition of a technical recession.
read more at Reuters