The U.K.’s economy returned to growth as 2022 drew to a close, but many economists still expect a recession as well as several years of anemic expansion
LONDON—The U.K.’s economy returned to growth as 2022 drew to a close, partly thanks to soccer fans driving up sales at pubs during the World Cup. But many economists still expect a recession and several years of anemic expansion.
Britain’s economy grew at an annualized rate of 0.1% in the three months through December, having contracted 0.7% during the previous three months, the Office for National Statistics said Friday. That allowed the country to avoid a predicted recession, which is usually defined as two consecutive quarters of contraction.
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