UK Fell Into Technical Recession in Second Half of Last Year

02/15/2024 15:00
UK Fell Into Technical Recession in Second Half of Last Year

The UK slipped into a shallow recession in the second half of 2023, undercutting Prime Minister Rishi Sunak’s claim to be growing the economy in the run-up to a general election.

The UK slipped into a shallow recession in the second half of 2023, undercutting Prime Minister Rishi Sunak’s claim to be growing the economy in the run-up to a general election.

Gross domestic product fell 0.3% in the fourth quarter, more than the 0.1% drop economists forecast, Office for National Statistics figures Thursday show. It followed an unrevised 0.1% decline in the previous three months.

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