UK ‘still at risk of technical recession’ despite November growth; oil price hits $80 after Yemen airstrikes – business live

UK ‘still at risk of technical recession’ despite November growth; oil price hits $80 after Yemen airstrikes – business live
By: The Guardian Posted On: January 12, 2024 View: 8

UK growth rebounded in November, but economists warn that a second quarterly contraction is still a riskFull story: UK economy returns to growth amid Black Friday spending liftUK grew by 0.3% in November, led by services and productionBut construction sector shrankThe 0.2% drop in construction output in November was driven by falling housebuilding activity, Grant Fitzner explains.The UK economy received a boost from Black Friday spending in November. Continue reading...

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