The UK economy contracted more than estimated in the third quarter on downward revisions to industrial and construction output, vindicating the start of a long recession.
The quarterly decline in gross domestic product was revised to -0.3 percent from -0.2 percent, revised data from the Office for National Statistics showed on Thursday.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.