UK ducks recession with weakest annual growth since 2010
The UK has dodged a recession despite seeing the biggest year-on-year slowdown in nearly a decade.The Office for National Statistics (ONS) said the 0.3% growth for the latest quarter signalled the economy "slowing" as UK GDP had grown at 1% for the same period in 2018. It said this represented the weakest annual rate since 2010.However, the expansion meant the UK avoided plunging into a recession, defined by two successive quarters of economic decline.It shrank by 0.2% in the three months to June 2019. Advertisement Despite this, the economy was slightly weaker than both market expectations and the Bank of England's latest forecasts, which had pointed to 0.4% growth for the period between July and September...
