Unraveling the Economic Quandary: UK’s Recession and Road to Recovery
The Economic Downturn: A Detailed AnalysisAt the close of the previous year, the UK economy took a sharp downturn, plunging into recessionary territory. The Office for National Statistics (ONS) reported a significant 0.3% contraction in gross domestic product (GDP) during the final quarter of the year, exacerbated by declines across all major sectors and a…