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Podcast: Beyond Currency
Episode: Economy grew by just 0.4% in 2022
Description: The UK economy failed to expand at all in the fourth quarter of 2022, but the fact that it didn’t contract either can be seen as a positive, as it means that the country didn’t suffer the ignominy of being the only G7 economy to actually suffer a recession.
There have been doubts raised regarding the whole two quarters of negative growth denoting a technical recession and while it may be practical to provide the financial markets with a guide to a nation’s performance, in reality it has no practical meaning.
Judging a country’s performance over a period o...