GDP growth was flat in final three months of 2022
The UK narrowly avoided entering a recession at the end of last year, official figures reveal, after economic growth was flat in the final three months of 2022.
Negative growth in the fourth quarter would have signalled recession, after the economy shrank by 0.3% in the third quarter, according to the figures from the Office for National Statistics. A technical recession is generally defined as two consecutive quarters of negative growth.
