CORRECTS - UK economy unexpectedly posts growth in Q4
GDP rises 0.1% in October-December 2022, official data shows
CORRECTS YEAR FROM 2020 TO 2022 IN LAST PARAGRAPH
By Tuba Ongun
ANKARA (AA) - British economy unexpectedly grew 0.1% in the fourth quarter of last year compared to the previous period as flash data had estimated stagnation.
The UK gross domestic product (GDP) increased 0.1% quarter-on-quarter in October-December 2022, revised from a first estimate of no growth, the Office for National Statistics said.
The figure followed an upwardly revised decrease of 0.1% in the third quarter.
Compared with the same quarter a year ago, the GDP increased by 0.6%, much better than the flash reading of a 0.2% growth.
In 2022, British economic growth was revised upwards to 4.1% from the previous estimate of 4.0%.
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