Volunteers at a center in Cardiff, U.K., sort donations for people struggling to afford food.The U.K. economy contracted in the three months through September, as high energy prices and rising interest rates mark the beginning of what policy makers expect will beThe country’s gross domestic product was 0.
7% lower on an annualized basis in the third quarter compared with the three months through June, the U.K.’s Office for National Statistics said Friday. That was the first decline in output since the first three months of 2021, when large parts of the economy were in lockdown to contain a surge in Covid-19 infections.
Long lasting recession...or the UK economy will rebound sooner than expected. It happened before, it might happen again. Economies are far more resilient than they are given credit for.
Biden's bad policies have inflated the money supply too quickly, and stolen energy independence, left the border wide open to drugs, criminals, terrorists, and human trafficking, allowed gender confusion, allowed communist teaching. No wonder there is recession.
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