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People spending less, doctors' strikes and a fall in school attendance dragged the UK into recession at the end of last year, official figures show. The economy shrank by a larger than expected Forecasts for the UK economy is a monthly comparison of independent forecasts. Please note that this is a summary of published material reflecting the views of the The UK fell into recession at the end of last year after shrinking for two three-month periods in a row. Prime Minister Rishi Sunak said the economy had turned a The UK economy fell into recession last year, revised official figures have confirmed. Gross domestic product shrank by 0.3% between October and December. LONDON (AP)The British economy fell into recession at the end of 2025 for the first time since the onset of the coronavirus pandemic, as output shrank more than

UK Economy Falls into Recession: Understanding the Impact

The UK economy has officially entered a recession, marking a significant economic downturn. Official figures confirm that the UK economy fell into recession last year, with Gross Domestic Product (GDP) shrinking by 0.3% between October and December. This follows two consecutive three-month periods of economic contraction, officially defining a recession.

What Led to the Recession?

Multiple factors contributed to this economic decline. As reported, people spending less, coupled with the impact of doctors' strikes and a noticeable fall in school attendance, all played a role in dragging the UK into recession at the end of last year. The economy shrank by a larger than expected amount, exceeding initial predictions. LONDON (AP) The British economy fell into recession at the end of 2023 for the first time since the onset of the coronavirus pandemic, as output shrank more than anticipated.

Official Figures and Forecasts

Revised official figures have confirmed the recession. While Prime Minister Rishi Sunak said the economy had turned a corner, the current data paints a different picture. To understand the potential trajectory of the UK economy, monitoring various forecasts is crucial. Forecasts for the UK economy is a monthly comparison of independent forecasts. Please note that this is a summary of published material reflecting the views of the respective institutions providing these forecasts.

What Does a Recession Mean for You?

A recession can impact various aspects of daily life, including job security, investment returns, and the cost of goods and services. Understanding the implications of a contracting economy is vital for making informed financial decisions.

Looking Ahead

The UK fell into recession at the end of last year after shrinking for two three-month periods in a row. Economic recovery strategies and government policies will be crucial in navigating this challenging period. We will continue to provide updates and analysis on the UK economy as it evolves.

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