Call us now!
Free Consultation!


UK to avoid another recession

Jonathan Taylor - October 10th, 2019


The economy in the United Kingdom expects to avoid a recession following higher than forecast growth during the quarter ending August 2019.

The three-month growth of 0.3% developed notwithstanding a contraction during the final month of August, during which the economy shrank by 0.1% according to the Office for National Statistics (ONS).

The ONS confirmed that the manufacturing sector has performed poorly, but was offset by TV and film production which has been buoyant during the period.

“Services provided [the] majority of the growth over the three months, with production and manufacturing falling back,” said Rob Kent-Smith, head of GDP at the ONS.

Source: BBC Business News