The UK looks to have avoided recession in 2022 after estimates today showed GDP unchanged in the final quarter of the year.
The UK economy contracted by 0.3% in the third quarter and had appeared on course for a further decline in the final period of 2022, representing a technical recession.
Monthly estimates published by the Office for National Statistics also showed that GDP fell by 0.5% in December, following unrevised growth of 0.1% in November.
