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Economy, recession
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- The UK economy avoided a recession in 202212, after the International Monetary Fund upgraded its growth forecast for 20233. The economy saw zero growth in the last quarter of 2022, despite a fall in output in December2. The ONS said the economy was supported by telecommunications, construction, manufacturing and the government's energy bill scheme1.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The latest figures confirm that the UK economy avoided falling into recession at the end of 2022. The ONS said telecommunications, construction and manufacturing had all fared better than initially thought. It also said household finances had been helped by the government's energy bill support scheme.www.bbc.com/news/business-65128313The UK narrowly avoided falling into recession in 2022, new figures show, after the economy saw zero growth between October and December. This is despite a sharp 0.5% fall in economic output during December, partly due to strike action, the Office for National Statistics (ONS) said.www.bbc.com/news/business-64584295The UK economy is expected to avoid a recession this year, the International Monetary Fund has said, after it sharply upgraded its growth forecast. It now expects the UK to grow by 0.4% in 2023, whereas last month it forecast the economy would contract by 0.3%. Growth would be helped by "resilient demand" and falling energy prices.www.bbc.co.uk/news/business-65669399 - People also ask
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