The U.K. economy expanded by more than expected in November, driven by services-sector growth, though the question of whether or not the economy fell into a recession in the second half of 2023 remains on a knife edge.
Gross domestic product rose by 0.3% from a month earlier, according to figures published Friday by the Office for National Statistics. Economists polled by The Wall Street Journal had expected GDP to grow by just 0.2%.
While the economic growth could lift some recession concerns, it only reverses a 0.3% contraction in October, with the country remaining in a fragile economic environment. Zero expansion in December would mean flat growth in the final quarter of 2023, the ONS said.
On the less-volatile three-month basis, GDP contracted 0.2% in the September-November period compared with the previous three months. The U.K. economy shrank by 0.1% in the…
