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UK economy shrinks by 0.2% in Q3 as recession fears grow

‘Toxic cocktail’ of inflation, rate hikes and government instability

11 November 2022 • 2 min read

UK economy shrinks by 0.2% in Q3 as recession fears grow

The UK economy shrank by 0.2% in the third quarter of the year, the latest figures by the Office for National Statistics (ONS) show.

GDP fell over the quarter, following a 0.2% rise between April and June. In September alone, the ONS figures showed the economy contracted by 0.6%. Growth was affected by the bank holiday for th...

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