Business Live with Ian King: UK economic system vulnerable to recession, official figures reveal
Join Ian King and friends because the UK economic system has carried out worse than beforehand thought and under the expectations of economists, new official figures present, that means the nation has taken step one in direction of recession.
There’s been a downward revision to GDP, a key measure of financial development, the Office for National Statistics (ONS) stated on Friday morning.
Rather than remaining stagnant, as first thought, the economic system contracted 0.1% within the three months from July to September.
Economists had been anticipating development of 0.2%.
A rustic is technically in recession after two three-month intervals of a shrinking economic system
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