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UK economy contracts by 0.5 percent, according to new figures

Author
Newstalk ZB,
Publish Date
Wed, 13 Sept 2023, 9:01pm
Photo / File
Photo / File

UK economy contracts by 0.5 percent, according to new figures

Author
Newstalk ZB,
Publish Date
Wed, 13 Sept 2023, 9:01pm

The UK GDP figures are in- and the economy shrunk more than expected in July.

The 0.5 percent contraction was worse than economists had predicted, and sparked concerns of recession.

UK correspondent Gavin Grey says industrial action from healthcare workers and teachers and terrible weather are being blamed for the downturn.

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