#BREAKING: The #UK economy has officially entered #recession

A recession is defined as two consecutive three-month periods where the economy contracts rather than grows.

A major measure of economic growth, gross domestic product (GDP) shrank 0.3% between October and December, the latest Office for National Statistics (ONS) data shows.

It’s a steeper-than-expected fall, as economists had forecast a 0.1% contraction.

It followed 0.1% of negative economic growth in the three months from July to September.

Source: https://news.sky.com/story/uk-economy-in-a-recession-13071973