Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK economy bounces back with 0.3% growth

by January 12, 2024
January 12, 2024
UK economy bounces back with 0.3% growth

The UK’s economy bounced back in November after shrinking during the previous month, according to official figures published this morning.

The data showed that the economy grew by 0.3% in the month, which was stronger than expected and came after a contraction in October.

The Office for National Statistics said the rebound was led by the services sector, with areas such as retail boosted by Black Friday sales. However, the long-term picture was “one of an economy that has shown little growth over the last year,” it said.

Figures released last year showed the UK was at risk of falling into a recession after the economy shrank between July and September.

While the monthly growth figure was stronger than expected, the ONS figures also showed that in the three months to November, the economy shrank by 0.2%.

Economists predict it will be a close call as to whether the UK can avoid a recession.

Ruth Gregory, deputy chief UK economist at Capital Economics, said November’s rebound “probably means the economy escaped a recession in 2023”, but expects zero growth for the final three months of the year.

Derek Mackenzie, CEO at Investigo, part of The IN Group, said: “With businesses battling tough trading conditions and high interest rates, getting the right talent in place to drive growth this year will be a top priority for boardrooms across the country.  Far too many organisations are still operating without robust digital talent pipelines in place, meaning they could miss out on the seismic workplace changes which will inevitably occur due to increased adoption of AI and other key technologies.”

Read more:
UK economy bounces back with 0.3% growth

0
FacebookTwitterGoogle +Pinterest
previous post
Lloyd Austin hospitalization: House Republicans demand more details as pressure builds on Pentagon
next post
Report finds the UK is Europe’s most “advanced digital economy”

You may also like

What is Gold Melt Value?

November 8, 2022

Virgin Atlantic to soar to record profits as...

April 4, 2024

Jeff Bezos could save $600m in taxes after...

February 14, 2024

160,000 SMEs without mandatory employers’ liability insurance risk...

February 22, 2023

According to the Chairman of the Supervisory Board...

December 28, 2022

MPs to investigate challenges SMEs face when seeking...

July 3, 2023

Budget 2024: Record £40bn tax hike set to...

October 30, 2024

Hunt’s capital punishment for small businesses as chancellor...

November 4, 2022

Heathrow finally breaks post-pandemic passenger record

October 11, 2023

US tariffs threaten British consumers’ pockets, warn Bank...

March 5, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Why Transparency and Trust Are Crucial for UK FX Brokers in 2025

      August 7, 2025
    • Smarter Condo Communities Start with Better Finances and Better Software

      August 7, 2025
    • 3 Smart Ways UK Entrepreneurs Can Diversify Their Income

      August 7, 2025
    • “YouTube is future-proofing itself”: leading producer backs AI crackdown to protect creative jobs

      August 7, 2025
    • Horizon victim Lee Castleton sues Post Office and Fujitsu for £4.5m in landmark legal claim

      August 7, 2025
    • Bank of England expected to cut interest rates to 4% amid weakening UK economy

      August 7, 2025

    Categories

    • Business (8,701)
    • Investing (2,179)
    • Politics (16,329)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved