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Join Ian King and guests as the UK economy has performed worse than previously thought and below the expectations of economists, new official figures show, meaning the country has taken the first step towards recession.
There's been a downward revision to GDP, a key measure of economic growth, the Office for National Statistics (ONS) said on Friday morning.
Rather than remaining stagnant, as first thought, the economy contracted 0.1% in the three months from July to September.
Economists had been expecting growth of 0.2%.
A country is technically in recession after two three-month periods of a shrinking economy
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There's been a downward revision to GDP, a key measure of economic growth, the Office for National Statistics (ONS) said on Friday morning.
Rather than remaining stagnant, as first thought, the economy contracted 0.1% in the three months from July to September.
Economists had been expecting growth of 0.2%.
A country is technically in recession after two three-month periods of a shrinking economy
Latest business news ???? https://trib.al/unXvp4J
#Business #BusinessLive #Economy #Inflation #InterestRates #Debt #PrimeMinister #RishiSunak #ONS #SkyNews #Finance
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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- business, economy, business news
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