UK Economy Enters Recession in Q4 of 2023 After GDP Drops by 0.3% - Statistics Office
MOSCOW (Sputnik) - The United Kingdom's gross domestic product (GDP) fell by 0.2% in the fourth quarter of 2023 year-on-year, while in quarterly terms, the decline accelerated from 0.1% to 0.3% in the third quarter, which signals the economy has gone into recession, the UK Office for National Statistics said in a report published on Thursday.
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