Wellian Weekly 18.11.2019

UK avoids recession despite low growth

Britain’s economy has grown at the slowest annual rate in almost a decade, according to official figures, as year-on-year growth in the three months to the end of September slowed to 1% from 1.3% in the second quarter, the Office for National Statistics said. But the UK economy narrowly avoided a recession by growing 0.3% in the third quarter, having shrunk by 0.2% in the second quarter this year, and two quarters of contraction would have signalled a recession.

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