UK economy narrowly avoids recession last yearon February 10, 2023 at 7:38 am

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Official figures show that the economy saw zero growth between October and December.

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The UK has narrowly avoided falling into recession, new figures show, after the economy saw zero growth between October and December.

The economy had shrunk by 0.3% between July and September.

A recession is typically defined as when the economy shrinks for two consecutive three-month periods.

This usually means it is performing badly and companies may make less money and cut jobs, leaving the government with less tax revenue.

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