UK narrowly avoided recession last year, official figures show

GDP growth was flat in final three months of 2022

The UK narrowly avoided entering a recession at the end of last year, official figures reveal, after economic growth was flat in the final three months of 2022.

However, the economy did contract in December, as feared – by 0.5% – following a growth figure of 0.1% in November and 0.55% in October.

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