The sun never sets on the British economy?
As a major trading entity, economic powerhouse and financial centre, the UK economy has always been an important part of the global economy. However, according to Reuters, data released by the Office for National Statistics showed that the UK economy shrank 0.3% quarter-on-quarter in the fourth quarter of 2023 and 0.1% quarter-on-quarter in the third quarter of 2023. Two consecutive quarters of negative growth indicate that the British economy is in a technical recession, and the current British economy faces a series of challenges.
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