Published
Many economic experts predicted that the UK would dip into recession in the second half of last year.
Latest figures show that they were wrong. But only just - with GDP growth in October, November and December barely registering.
The Chancellor Jeremy Hunt said that it showed evidence of "underlying resilience" but warned that the economy is "not out of the woods yet".
And the Bank of England still expects the UK to plunge into recession later this year.
(Subscribe: https://bit.ly/C4_News_Subscribe)
-----------------------
Follow us on Instagram - https://www.instagram.com/Channel4News
Latest figures show that they were wrong. But only just - with GDP growth in October, November and December barely registering.
The Chancellor Jeremy Hunt said that it showed evidence of "underlying resilience" but warned that the economy is "not out of the woods yet".
And the Bank of England still expects the UK to plunge into recession later this year.
(Subscribe: https://bit.ly/C4_News_Subscribe)
-----------------------
Follow us on Instagram - https://www.instagram.com/Channel4News
Sign in or sign up to post comments.
Be the first to comment
Up Next
Autoplay
-
00:54
Pastor narrowly avoids being shot in middle of Sunday sermon | AJ #Shorts
-
01:23
Canada narrowly avoids recession as economy sees growth
-
00:33
Woman crossing the street narrowly avoids two-car collision | ABC News
-
02:27
Britain avoids recession this year but cost of living pain to continue
-
07:39
Trump SAVED by Judge, Narrowly Avoids HUGE Bill
-
00:42
Ambulance narrowly avoids collision with flipped car while en route to hospital
-
00:20
Man narrowly avoids being dragged under train
-
00:37
Watch: Car Narrowly Avoids Collision With Plane’s Nose Wheel
-
01:10
UK economy narrowly avoids recession despite December hit from strikes
-
01:44
UK economy shrinks at start of feared long recession
-
01:10
Euro zone narrowly avoids technical recession in Q4 | REUTERS
-
02:06
US narrowly avoids government shutdown in deal which omits aid to Ukraine
-
01:33
UK economy narrowly avoids recession
-
12:31
Gaetz-McCarthy Drama BOILS OVER After Congress Narrowly Avoids Shutdown
-
13:02
Economy Latest: Interest rates up as Bank of England warns of long recession
-
07:53
Is the US economy in a recession?
-
02:23
UK Economy: Has the UK made it out of recession?
-
00:23
G7 summit: Joe Biden narrowly avoids a trip
-
41:45
WATCH LIVE: White House holds news briefing after Congress narrowly avoids budget shutdown
-
01:23
UK economy fails to grow in Q3, avoids recession
-
01:37
Pilot narrowly avoids crashing into Colorado mountain
-
09:20
Is the US economy heading towards recession?
Loading...