According to the UK's National Statistics Office (ONS), the country's economy contracted by 0.3% in the fourth quarter of 2023 compared to the previous three months. This result coincided with analysts' forecasts.In the third quarter of last year, UK GDP also decreased by 0.1%. A twofold decline in GDP for two consecutive quarters indicates that the economy is in recession. This is the first technical recession in the country since the COVID-19 pandemic in 2020.Analysts note that high inflation,... Read More
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