The UK may have narrowly slipped into a technical recession at the end of 2023, according to estimates from a leading think-tank, underscoring the fragile health of the economy as the country heads towards a general election.
Gross domestic product edged down by 0.1 per cent in the final three months of last year, following an equal decline in the previous quarter, according to the National Institute of Economic and Social Research.
A technical recession is defined as two consecutive quarters of contracting GDP.
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