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UK growth slows to weakest for a year as recession fears grow

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Published on 12/05/2022

Britain’s economy grew at the slowest pace for a year at the start of 2022.

Official figures showed a contraction in March amid mounting fears that the cost-of-living crisis may plunge the UK into recession.

The Office for National Statistics (ONS) said gross domestic product (GDP) rose by a weaker-than-expected 0.8% between January and March, down from growth of 1.3% in the previous three months and the weakest since the first quarter of last year.

 

 

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UK growth slows to weakest for a year as recession fears grow

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