share. figures from the office for national statistics show the uk s economy shrank by 0.3 % in the three months to october, despite growing in final month of the quarter. the chancellor, jeremy hunt, said there was a tough road ahead . i don t know whether inflation has peaked or not but i think it is likely to get worse before it gets better. this is a very, very challenging situation. more than a third of the world s economy is predicted to be in recession this year or next. we have a plan that the obr say will more than half inflation over the next year. if we stay the course, we can tackle that high inflation. our economic correspondent andy verity says that although the official figures show that economic output rose in the month of october, there is little cause for celebration. in normal times that would be really good growth. if you had every month the economy were becoming like the clappers. actually it is quite artificial. because it s a month on month comparison. in septem