HomeBussinessUK economy showed no growth in last quarter, revised figures show

UK economy showed no growth in last quarter, revised figures show

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Monday, 23 December 2024 07:19


The UK economy showed no growth in the last quarter, according to the revised figures from the Office for National Statistics (ONS).

The previous estimate for July and September said the economy grew by 0.1%.

Early estimates show that real GDP per head fell by 0.2% in the third quarter of 2024, and is 0.2% lower compared with the same quarter a year ago.

The UK and Italy had the lowest growth in the G7 in the third quarter, both flatlining.

The slight growth initially recorded last month was already slower than what had been expected by experts and marked a drop from the 0.5% growth between April and June.

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