0.3% GDP growth fails to alleviate 'precarious' economic situation

'An appropriately diversified portfolio is the best approach'

clock • 2 min read

UK GDP grew 0.3% in November 2023 - growth which has not staved off concerns that the nation is in a tenuous economic state.

The latest Office for National Statistics data shows the UK services sector provided the majority of the growth for the month, with services output up 0.4%, following a 0.1% fall the previous month. Production output also reverse its contraction in October and grew by 0.3% in November. Economists had forecast 0.2% growth for the period, putting the data above expectations. The overall GDP growth was a reverse of the 0.3% contraction seen in October, making UK growth flat over the two consecutive periods. Despite this uplift to growth it still "leaves an awful lot of pressure on ...

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