UK economy was G7 growth laggard in Q3 as dismal 2023 beckons

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UK economy was G7 growth laggard in Q3 as dismal 2023 beckons
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UK economy shrinks by more than first thought in Q3 - ONS

Economic output fell by 0.3% in quarterly terms compared with a previous estimate of -0.2%, the Office for National Statistics said.

Business investment fell by 2.5% in quarterly terms, compared with a previous first estimate of a 0.5% drop. The ONS said British economic output in Q3 was 0.8% below its level of late 2019, compared with a previous estimate of 0.4% below and in contrast to other G7 countries that have recovered.

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