Economics
UK’s Recession Risks Increase With Unexpected Drop in Output
- S&P Global says services stagnate, factories already in slump
- Souring economy and surging energy costs greet new premier
A closed store in Reading.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
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The risk of recession in the UK is increasing after an unexpected drop in business output in August, a survey of purchasing managers showed.