UK one quarter of negative GDP away from recession

clock • 2 min read

UK gross domestic product (GDP) contracted in the second quarter for the first time since 2012, the Office for National Statistics said in its latest report, meaning the UK is only one negative quarter away from a recession.

The GDP monthly estimate for June, published today (9 August), shows that GDP shrunk by 0.2% in Q2 following the strong growth seen in Q1, largely due to a pull back in manufacturing output, althou...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Investment

Industry Voice: A fixed income solution for your net-zero ambitions

Industry Voice: A fixed income solution for your net-zero ambitions

The Aegon Global Short Dated Climate Transition Strategy directs investments to companies with robust, credible plans to transition towards a net-zero economy

Aegon Asset Management
clock 08 December 2022 • 1 min read
Industry Voice: RLAM's outlook for 2023

Industry Voice: RLAM's outlook for 2023

After a turbulent year, RLAM's Piers Hillier discusses whether 2023 will be a turning point for markets

Piers Hillier, Chief Investment Officer at Royal London Asset Management (RLAM)
clock 07 December 2022 • 8 min read
Industry Voice: Reaching for net zero across asset classes

Industry Voice: Reaching for net zero across asset classes

LGIM is committed to achieving net-zero greenhouse gas emissions by 2050 across all assets under management. Here’s how we’re targeting this goal within different investment capabilities.

LGIM
clock 06 December 2022 • 6 min read
Trustpilot