UK economy shrinks by 0.1% as cost-of-living crisis bites

‘Difficult to dodge recession’

clock • 2 min read
The reduction was less than the 0.3% decline forecast by analysis
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The reduction was less than the 0.3% decline forecast by analysis

The UK GDP contracted by 0.1% in the second quarter of the year, data from the Office for National Statistics revealed.

This decline compares to the first three months of this year when GDP actually grew by 0.8%. The reduction was less than the 0.3% decline forecast by analysis, but it shows signs that rising inf...

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