Recession looms as UK economy begins to shrink | 5 News

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►It looks like we are heading for a big recession - perhaps the longest ever. The latest numbers show the economy shrank slightly earlier this year. It means we might already be in recession... we won't know officially until we get figures for the end of the year.

It's predicted that this recession could last for two years. The UK economy contracted by 0.2% in the third quarter, according to early official figures meaning it looks like we are heading for a long recession.

Financial Analyst Danni Hewson joins us in the studio.


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