UK's economy unexpectedly grows and reduces risk of recession

BREAKING: The UK economy unexpectedly grew in November and reduced the risk of the country entering a recession.

Analysts had predicted the economy would shrink by 0.3% for November.

Jonathan Moyes, head of investment research at the Wealth Club said the news brings hope for the coming year. ‘We have seen retailers report stronger than expected earnings reports for Q4 over the past week, and it appears a stronger than expected consumer services and services more broadly have helped the UK economy defy gloomy expectations.‘It may be too soon to mark the beginning of a turn in sentiment for the UK, but a quiet consensus appears to be forming. Energy prices are falling sharply, China is reopening and interest rate expectations have eased significantly.

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