Recession fears after worst GDP performance in six-and-a-half years
GDP in the UK fell by 0.02% in the second quarter of 2019 - the first quarterly contraction since the fourth quarter of 2012.
Economists had predicted growth to flatline at 0%.
GDP is the sum of the value of goods and services produced in the economy.
Business investment has again slumped after a brief recovery in the first quarter, with the aftershocks of Brexit stockpiling in Q1 being felt in the second quarter.
These latest figures merely confirm that Brexit uncertainty will continue to pose more problems for the UK eco... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...