At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world.
As such, there is no one indicator that will tell you everything you need to know about it. We’re sometimes not even aware we’re in a recession until we’re out of it, or that we never entered it at all (see: the double-dip recession that never was).
