Quarterly GDP growth of the UK 2015-2022
The United Kingdom's economy had zero growth in the fourth quarter of 2022 after shrinking by 0.2 percent in the previous quarter, meaning the UK has narrowly avoided being in recession. In the third quarter of 2020 the UK experienced record setting growth of 16.6 percent, which itself followed the record 21 percent contraction in Q2 2020. During that quarter, the UK was officially in a technical recession (defined as two consecutive quarters of negative growth), due to the economy shrinking by 2.6 percent in Q1 2020.
