State of Play. 22 February 2024
UK recession – what’s next?
Last week, the Office for National Statistics (ONS) published the latest UK Gross Domestic Product (GDP) figures for the final three months of 2023, which fell 0.3%.1 As this followed a 0.1% fall1 in the previous quarter, the UK has entered into a technical recession, commonly defined as two consecutive quarters of negative growth. What was the reason for the negative growth? Is it likely to continue?
Santander Asset Management UK share their insights in this week’s State of Play.