The UK technically slipped into recession at the end of 2023 as GDP fell by 0.3% in the final three months of the year.
This followed a 0.1% decline in Q3 2023. Two consecutive quarters of contracting GDP are required for a technical recession.
Analysts expect the recession to be short-lived, with many saying the country will have exited it already.
GDP is expected to be lifted by a reduction in interest rates this summer and expected tax cuts in the 6 March Budget.
