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  2. 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-65128313
    The 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-64584295
    The 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
     
  3. People also ask
    Did the UK economy avoid a recession?Revised figures have confirmed that the UK economy avoided recession in the second half of last year, posting 0.1% growth in the fourth quarter. The original estimate for gross domestic product (GDP) between October and November, released in mid-February, had shown zero growth.
    Is the UK facing a recession?Chancellor Jeremy Hunt said the figures "show there's underlying resilience in the UK economy". However, he added that "families up and down the country are facing real pressure". A recession is usually defined as when the economy contracts for two three-month periods in a row, so the growth at the end of 2022 means the UK avoided one.
    Will the UK avoid a recession in 2022?A recession is usually defined as when the economy contracts for two three-month periods in a row, so the growth at the end of 2022 means the UK avoided one. Last week, the Bank of England said that the economy was expected to grow only slightly in the coming months.
    Is Britain ready to exit a recession?Photograph: Christopher Thomond/The Guardian Britain’s economy has taken a step closer to exiting recession as official figures showed growth continued in February despite a washout month for construction and retail after one of the wettest starts to a year on record.
     
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