UK economy to avoid recession this year as GDP growth beats forecasts - The Times

The British economy is now 1.8 per cent larger than it was before the pandemic

EDF/PA

Britain’s economy beat expectations to grow slightly in September, putting the UK on course to narrowly escape a recession this year.

Gross domestic product increased by 0.2 per cent month-on-month in September, above City analysts’ expectations and higher than August’s downwardly revised 0.1 per cent expansion, according to the Office for National Statistics (ONS).

The surprise growth has all but removed the risk of the UK slipping into a recession this year, defined as two straight quarters of negative growth, barring any revisions to the data.

During the three months to September the ONS said that the economy flatlined with zero growth.

The economy is now 1.8 per cent larger than before the pandemic. The ONS, before a historic upward revision to its estimates at

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2023-11-10 21:00:00Z
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