Article 6JN2H Even a technical recession is a headache for Rishi Sunak

Even a technical recession is a headache for Rishi Sunak

by
Larry Elliott Economics editor
from on (#6JN2H)

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

In the end it wasn't really that close. The UK economy is now technically in recession after contracting by 0.3% in the final three months of 2023.

The official data brings to an end a miserable year for the UK. Growth in 2023 as a whole was just 0.1% - the weakest performance outside the Covid pandemic year of 2020 since 2009.

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