UK economy shrank 0.3% in Q3 2022, more than expected

LONDON, England: The Office for National Statistics gas reported that between July and September, the UK economy contracted by more than initially expected.

As business investment performed worse than predicted in the third quarter of 2022, gross domestic product was revised down to 0.3 percent, compared with a forecasted 0.2 percent fall.

Growth figures for the first half of 2022 were also revised down,