UK economy fell into recession in second half of 2023

LONDON: Britain's economy entered a recession in the second half of 2023 after it shrank by a worse-than-expected 0.3% in the three months to December having also contracted by 0.1% between July and September, official data showed on Wednesday.

A Reuters poll of economists had pointed to a smaller 0.1% fall of gross domestic product (GDP) in the October-to-December period.