:strip_icc()/i.s3.glbimg.com/v1/AUTH_59edd422c0c84a879bd37670ae4f538a/internal_photos/bs/2022/k/U/knbk8JTAGaJptSQrHPQQ/2022-11-21t144804z-1114671606-up1eibl1541sv-rtrmadp-3-soccer-worldcup-eng-irn-report.jpg "UK Gross Domestic Product rose slightly in November | Economy")
UK gross domestic product rose 0.1% in November, after rising 0.5% in the previous month, beating economists’ expectations, although it did not end recession fears.
In the three months ending at the end of November, the Office for National Statistics said in a statement issued on Friday (13), the economy contracted by 0.3% compared to the previous three months.
The economy has benefited from the good health of the “telecommunications and information technology” sector, as well as “pubs and bars that also did well as people went out to watch the FIFA World Cup matches,” tweeted Darren Morgan, managing director of the Bureau for Economic Statistics. .
“The economy held up better than expected in November, but the data cannot hide the underlying problems,” warned Britain’s main employers’ association, the CBI, which notes that high inflation is “severely hitting household budgets” and exerting “severe cost pressures.” companies.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.