United Kingdom: Economy Rebounds From Royal Funeral Hit, Outlook Remains Bleak

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People cross Waterloo Bridge during the evening rush-hour with skyscrapers of the City of London financial district seen behind in London, Britain, October 10, 2022. REUTERS/Toby Melville

Britain’s economy rebounded in October a little more strongly than expected from September when output was affected by a one-off public holiday to mark the funeral of Queen Elizabeth, but a recession remained on the cards, official data showed on Monday.

Gross domestic product grew by 0.5% after September’s 0.6% contraction, the Office for National Statistics said.