Analysts have warned that the UK economy is “spluttering” and “slowing down” despite returning to growth in the third quarter of 2019.
The UK economy avoided falling into a recession after UK Gross Domestic Product (GDP) returned to growth in the third quarter.
The UK economy is expected to only grow by 1% next year – down from previous predictions of 1.5%, new data shows.
Britain’s economy shrank by 0.1% in August, but a better-than-previously thought performance in July is expected to help the UK avoid recession.
The Office for National Statistics (ONS) has confirmed that the UK economy slid into decline in the second quarter of 2019, in the latest update of its figures.
The economy grew by 0.3% in July, reducing the risk that the UK is heading for a recession, according to the Office for National Statistics.