Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Bleak outlook for UK economy after narrowly avoiding recession

The UK avoided a recession in the third quarter after the economy grew by 0.3%, the slowest rate of growth since 2010.

Gross domestic product (GDP) contracted by 0.2% in the second quarter, latest Office for National Statistics figures show.

A recession is determined by six months of negative economic growth.

The quarter saw GDP rise by 0.3% in July followed by a 0.2% and 0.1% decline in August and September respectively.

The services and construction sectors, however, provided some relief, and recorded 0.4% and 0.6% growth respectively during the quarter.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.