UK Set to Learn If Recession Started After Months of Stagnation
- GDP and inflation data crucial for bets on interest-rate cuts
- Data feeds political narrative ahead of the next election
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The UK government publishes data this week that will show whether a stagnating economy tipped into recession last year, capping a pivotal week for markets and politics.
Gross domestic product shrank in the third quarter by 0.1% and flat-lined over October and November. Figures from the Office for National Statistics due on Thursday covering both the month of December and the whole fourth quarter will be decisive, with analysts divided on the outcome.