U.K. on the Brink of Another Recession

24/7 Wall St.
Updated
78489302
78489302

Add the United Kingdom to the long line of countries that have gotten into more economic trouble that expected. The Office for National Statistics cut its figure for third-quarter GDP growth to 0.9%, in place of the 1% previously posted. That puts the nation on the cusp of a recession, like so many others in the region. Many there already have fallen into a period of "negative growth."

The Office for National Statistics reports:

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Economy, International Markets

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