Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.
By Christmas shoppers in London on Dec. 23, 2021.
Hasan Esen | Anadolu Agency | Getty Images
The U.K. economy showed no growth in the final quarter of 2022, but shrunk by 0.5% in December — more than expected by analysts.
The figures mean the country narrowly avoided a recession — commonly defined as two quarters of negative growth — following a 0.2% contraction in the third quarter.
This is a developing story and will be updated shortly.
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