Article 673K6 UK braces for recession after recovery from pandemic weaker than thought

UK braces for recession after recovery from pandemic weaker than thought

by
Larry Elliott Economics editor
from on (#673K6)

ONS says economy shrank by 0.3% in third quarter, with UK only G7 country whose GDP is still lower than before pandemic

Britain's recovery from the Covid-19 pandemic has been even weaker than originally believed and is the only member of the G7 group of leading industrial countries where output is still below its pre-crisis level.

The Office for National Statistics said the UK economy contracted by 0.3% in the three months to September - compared with an original estimate of a 0.2% decline. The ONS also revised down growth in every quarter stretching back to the third quarter of 2021.

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