Shoppers in London. Figures show UK retail sales in November jumped by more than expected. EPA
Shoppers in London. Figures show UK retail sales in November jumped by more than expected. EPA
Shoppers in London. Figures show UK retail sales in November jumped by more than expected. EPA
Shoppers in London. Figures show UK retail sales in November jumped by more than expected. EPA

UK recession fears grow after economy shrinks


Paul Carey
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The UK economy may already be in recession, updated figures suggest.

The country's gross domestic product shrank between July and September and was flat in the previous three months, the Office for National Statistics (ONS) said.

It fell by a revised 0.1 per cent against the zero growth initially estimated.

GDP also flatlined during the second quarter of the year, after estimates showed 0.2 per cent growth, painting a bleaker picture for the economy. A recession is defined as two quarters of negative growth.

Industries including film production, engineering and design and telecoms showed a weaker performance during the third quarter than the ONS initially thought.

But separate data showed retail sales in November jumped by much more than expected, increasing by 1.3 per cent from October.

The pound rose against the dollar and the euro after the data releases.

"The latest data from both our regular monthly business survey and VAT returns show the economy performed slightly less well in the last two quarters than our initial estimates," said Darren Morgan, director of economic statistics at the ONS.

“The broader picture, though, remains one of an economy that has been little changed over the last year.”

Chancellor Jeremy Hunt, whose Conservative Party is lagging in opinion polls ahead of an expected election next year, said the outlook for the economy was not as bad as the updated official figures suggested.

“The medium-term outlook for the UK economy is far more optimistic than these numbers suggest," Mr Hunt said in a statement.

Shadow chancellor Rachel Reeves criticised UK Prime Minister Rishi Sunak, saying he has “failed to grow the economy”.

The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

Australia World Cup squad

Aaron Finch (capt), Usman Khawaja, David Warner, Steve Smith, Shaun Marsh, Glenn Maxwell, Marcus Stoinis, Alex Carey, Pat Cummins, Mitchell Starc, Jhye Richardson, Nathan Coulter-Nile, Jason Behrendorff, Nathan Lyon, Adam Zampa

Updated: December 22, 2023, 8:21 AM