UK may have dipped into a recession last year – data will tell us this week

UK inflation figures are due this week as well as all-important GDP data from the ONS. The UK economy shrank by 0.1% in the third quarter of 2023 and if, as expected, the fourth quarter shows a similar contraction, it would mean the UK tipped into a technical recession at the end of last year. The yield on the UK 10-year gilt ended last week above 4% and remains above that level today (Monday)

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