The UK economic output stagnated in the third quarter as higher interest rates damped spending and investment, though the economy likely escaped a recession this year.
New data has shown the UK economy grew faster than Germany or France since Covid, but analysts are wary of the future, as recent figures show sluggishness.
The UK economy expanded modestly in the first quarter, as initially estimated, underpinned by services and production, revised data from the Office for National Statistics showed on Friday.
The UK economy grew modestly at the end of 2022 weathering the headwinds from high inflation squeezing household income and weak global conditions and thus avoid a technical recession, official data showed on Friday.