( ) -q-23- UNDATED (Correspondent Jeremy House) “anticipated by economists.” The British economy fell into recession at the end of 2023 as output shrank more than anticipated in the final three months of the year. [CutID: <Cuts> UK-RECESSION-house-q-THUam.mp3 Time: 23s Title: UK-RECESSION-house-q-THUam Out-cue: anticipated by economists] TAG: Correspondent Jeremy House reporting. The quarterly decline followed […]
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UK fell into recession at the end of 2023 as output shrank in Q4
( ) -q-23- UNDATED (Correspondent Jeremy House) “anticipated by economists.”
The British economy fell into recession at the end of 2023 as output shrank more than anticipated in the final three months of the year.
[CutID: <Cuts> UK-RECESSION-house-q-THUam.mp3
Time: 23s
Title: UK-RECESSION-house-q-THUam
Out-cue: anticipated by economists]
TAG: Correspondent Jeremy House reporting. The quarterly decline followed a 0.1% fall in the previous three-month period. A recession is officially defined as two straight quarters of economic decline.
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VERBATIM: Britain’s Office for National Statistics says economic activity, as measured by gross domestic product, declined by 0.3% in the fourth quarter of the year from the previous three-month period. All three main sectors — services, industrial production and construction — were down. That was far more than the 0.1% decline anticipated by economists.