NewsBot
12-Feb-23, 10:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
UK Narrowly Avoids Recession Amid Living Standards Downturn
The UK avoided a recession by the narrowest of margins last year, but with household incomes falling, families are still living through a living standards downturn, the Resolution Foundation said on Friday in response to the latest ONS GDP data. GDP in Q4 2022 was broadly flat, following a contraction in Q3, with weak trade offset by rising consumption and investment. [Read Full Article (https://caithness-business.co.uk/article/19265)]
UK Narrowly Avoids Recession Amid Living Standards Downturn
The UK avoided a recession by the narrowest of margins last year, but with household incomes falling, families are still living through a living standards downturn, the Resolution Foundation said on Friday in response to the latest ONS GDP data. GDP in Q4 2022 was broadly flat, following a contraction in Q3, with weak trade offset by rising consumption and investment. [Read Full Article (https://caithness-business.co.uk/article/19265)]