UK on verge of long recession after economy shrank by 0.2%

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BREAKING: The UK economy shrunk by 0.2% between July and September, in what is predicted to be the start of a long recession. The ONS said that GDP had fallen by 0.6% in September, in part due to the Queen’s funeral.

% between July and September, in what is predicted to be the start of a long recession.

The Office for National Statistics said that gross domestic product had fallen by 0.6% in September, in part due to the Queen’s funeral. It could be the beginning of a recession – which is defined as two quarters of shrinking GDP in a row. The Bank of England recently predicted the country was on the brink of the longest period of contraction on record.Got a story? Get in touch with our news team by emailing us at

 

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