Recession label ‘overly dramatic’ but UK economy in stagnation, say economists
by Henry Saker-Clark
Feb 15, 2024
2 minutes
Economists have cautioned it is “overly dramatic” to label the UK’s economic dip a recession but highlighted that latest data shows the country is currently a “stagnation nation”.
Some experts have also suggested that conditions could be “slowly beginning to brighten” in the economy despite a gloomy update on Thursday morning.
The Office for National Statistics (ONS) estimated that gross domestic
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