Learn about the definition and impact of a recession on the UK economy.
Warning bells have been sounding for months over the risk of the UK economy slipping into recession. A recession is defined as at least two consecutive quarters of economic contraction, or negative growth , in gross domestic product ( GDP ).
When the economy shrinks for six months in a row, it is considered to be in a recession. The Office for National Statistics does not consider the 'two quarters' rule as a definitive measure of recession.
UK Recession Economy GDP Negative Growth
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