The U.K. is facing a year-long economic recession

By 2022-12-08T12:23:00

UK

The U.K.’s gross domestic product is likely to contract by 0.4 percent in 2023. The country is estimated to have entered into an economic recession in the third quarter of 2022 that will last until the end of next year, according to the Confederation of British Industry (CBI).

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