The latest GDP figures from the Office for National Statistics show not only a moderate growth rate of 0.2 percent in the fourth quarter of 2018, but also a recession in the manufacturing sector. As our chart shows, negative growth in the last two three-month periods of 2018 of -0.70 percent and -1.50 percent year-on-year, respectively, has put the main economic pillar in serious trouble.
Commenting on the latest results, TUC General Secretary Frances O'Grady said: “The Prime Minister's failure to rule out a no-deal Brexit is damaging confidence in the economy and slowing growth... Given the recession in our manufacturing sector, the Prime Minister must act now to eliminate the risk of a crash…”
As well as delivering news of a measly 0.2 percent growth rate in Q4 2018, the latest GDP figures from the Office for National Statistics revealed a manufacturing sector in a recession. As our chart shows, negative year-on-year growth in the last two three-month periods of 2018 of -0.70 percent and -1.50 percent have plunged the key economic pillar into serious trouble.
Commenting on the latest results, Frances O'Grady, general secretary of the TUC, said: “The prime minister's failure to rule out a no-deal Brexit is harming confidence in the economy and holding back growth…With our manufacturing sector in recession, “The prime minister must act now to remove the threat of crashing out.”.
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