The UK economy contracted by 0.1% in the second quarter of 2022 as COVID-19 testing and vaccinations were wound down and consumer spending slumped amid an escalating cost-of-living crisis, according to estimates released on Friday by the Office for National Statistics.
UK Economy Shrank in Second Quarter As Recession Fears Grow
Output Fell by 0.1% in the Three Months to June To Usher in a Weaker Period for Economic Growth
CoStar Analytics
August 12, 2022 | 11:36 AM
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