UK Enters Recession amid Brexit Fallout, Pandemic, and Energy Crisis
The United Kingdom has officially entered a recession, as confirmed by local media reports based on government data. The country's Gross Domestic Product (GDP) witnessed a drop of 0.3% in the fourth quarter of last year, following a slight decline in the preceding quarter. This consecutive contraction in output fulfills the technical definition of a recession, which requires at least two consecutive quarters of negative growth.
