Dec 2022 GDP -0.5% UK Economy worse than forecast but we're 'not in recession'
Watch the video of this podcast on YouTube: https://youtube.com/live/ckDxHywMz2s?feature=share
We're 'not in recession'! Prepare for fresh gaslighting guff from many in the moving and mortgage industries.
Technically, with (as yet unrevised) Q4 2022 GDP at 0,0%, or 'flat', the UK escaped a technical recession by the skin of its teeth!
"Britain is much worse off than it understands"
https://foreignpolicy.com/2023/02/03/britain-worse-off-1970s/
https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/december2022
1. 2022 growth down to 4.1% (from 7.4% in 2021)
2. December contraction of -0.5% worse than expected (-0.3%)
3. Consumer services output fell -1.2%
4. Also, Nov Construction revised down
Buyers with a Mortgage in Principle have offers accepted faster than buyers without.
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