UK economy enters recession as GDP falls 0.3%

The UK economy has entered recession as gross domestic product (GDP) shrank 0.3% between October and December - Office for National Statistics (ONS) data shows.

A recession is defined as two consecutive three-month periods where the economy contracts rather than grows.

#unitedkingdom #recession #economy

[jamesmulholland]

Honestly the average man or woman has never been out of recession since the last time

[ticktock]

We've been in a recession for nearly two decades, GDP per capita hasn't moved at all, it's shrunk! I'm not conspiratorially minded but anyone even vaguely aware of the figures knows the government does a bit of magic to portray them as growth, in real terms we have not grown at ALL since 2008. We've actually shrunk!

[TheBengal]

Wow this feels like a PR job by the government rather than independent critical journalism

[Jh]

Sky trying to play down the recession 😂😂 amazing

[alejandrofrade]

So basically it's a recession, but not like a recession recession....what a joke

[Lynnpjjbdndji]

Recession is important as the Government keeps telling everyone their Plan is Apparently NOT ? She is completely wrong Bank of England is not going to Drop Rates !

[manashmahanta]

Ruble didn't turn into rubble but pound got pounded.

[davidmarchant]

We ain't got out of a recession since the tories came in it's stagnated or got worse. The poorer areas ain't seen anything positive for 15+ years

[josephc.]

This sky presenter appears to be defending the mess that the UK is in. As a novice on economics that is what it looks like. In fact all on the panel are not presenting FACTS but theur opinions and defence of the incompetence of our leaders. No wonder people are confused.

[jules]

15 years under the tories and they’ll still say this is someone else’s fault

[george-myy]

Could a Sky CEO please replace these 4 presenters with an AI chat please!

[dee]

Tories...
"Give us 4 more years to undo 13 years of damage....that we caused"

[christiandelapena]

Brexit is perhaps the worst thing that happened to the UK economy.

[AlexGys]

Except for the City, this country has been in recession for decades.

[taipizzalord]

The economy was limping from 2008, and made Zero progress since 2019.

[bigdaz]

Just imagine how much of a recession we are actually in if there fiddled figures are admitting to a 0.3% GDP fall when outside of London the rest of the country has been in recession since 2008??

[RickyRyan]

We really can’t take much more of this, how quickly we’ve become a third world country!

[olyclzn]

more like 3%. 0.3% is what uk sent to ukraine at the tax-payer's expense

[NewEstablishment]

The economy hasn’t been struggling for the last 2 years. We been stagnant since Cameron and austerity. Who would of thought.

[Dawgcatcher]

Britain is sliding down the mountain into the ravine of war and financial despair. Wars first vs. Brits last.