Britain Avoids Recession by Narrowest Margin During Strikes
- Figures leave UK the only G-7 nation yet to recover from Covid
- Jeremy Hunt says figures were better than some feared
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The UK avoided a recession last year by the narrowest of margins after the cost-of-living crisis and industrial action hit the economy during December.
Gross domestic product was unchanged in the fourth quarter following a revised 0.2% decline in the previous three months, the Office for National Statistics said Friday. Output in December alone fell 0.5%.