An unexpected growth was registered in the economy of the UK in November as people splurged during the World Cup, stated official data on Friday as analysts warned the country may still face recession because of a crisis due to the high cost of living.&nbsp;

The Office for National Statistics (ONS), issued a statement, saying that even after several strikes, the country’s gross domestic product increased by 0.1 per cent in November. The ONS said that restaurants and pubs majorly boosted the economy as people visited places to watch football matches.

From October, the growth had slowed sharply, partly because of the workers’ strike. ONS’ director of economic statistics Darren Morgan, while speaking to BBC, said, “We definitely saw the impact of industrial action in today's figures.”

ALSO READ|&nbsp;<a href="https://www.wionews.com/business-economy/uks-economy-shrinks-more-than-previously-thought-in-third-quarter-data-545630">UK's economy shrinks more than previously thought in third quarter: Data</a>

“We saw reasonably large falls in rail transport, postal work and warehousing and this sector had the biggest drag on the economy in November,” he added.

“The economy grew a little in November, with increases in telecommunications and computer programming helping to push the economy forward. Pubs and bars also did well as people went out to watch World Cup games,” Morgan said.

ONS further said that the UK economy declined by 0.3 per cent in the last three months, in comparison to the three-month period starting from August.

"Over the last three months ... the economy still shrank -- mainly due to the impact of the extra bank holiday for the funeral of Her Majesty Queen Elizabeth in September," Morgan stated.

The UK government as well as the Bank of England believe that the economy is already facing recession due to rocketing inflation.&nbsp;

WATCH | World Business Watch | UK economy bounces back after two months of recession

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Analyst Sophie Lund-Yates warned, "On a three-monthly basis, the UK still shrank, and a 0.1-per cent gain on a monthly basis smells heavily of stagnation, rather than real growth. The idea that the UK will formally enter a recession soon is still very much a likelihood.”

"The boost in November could stem from extra spending in the economy in the run up to Christmas, and there's real risk now that consumers are going to tighten their belts,” the analyst added.

Commenting on the UK economy’s crisis, CBI economist Alpesh Paleja said, "High inflation is severely impacting household budgets and businesses are facing intense cost pressures. As a result, consumer spending and investment plans are weakening. The question for the government now is not whether we will fall into recession, but how long and deep the recession will be."&nbsp;

(With inputs from agencies) 
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An unexpected growth was registered in the economy of the UK in November as people splurged during the World Cup, stated official data on Friday as analysts warned the country may still face recession because of a crisis due to the high cost of living.

An unexpected growth was registered in the economy of the UK in November as people splurged during the World Cup, stated official data on Friday as analysts warned the country may still face recession because of a crisis due to the high cost of living. The Office for National Statistics (ONS), issued a statement, saying that even after several strikes, the country’s gross domestic product increased by 0.1 per cent in November. The ONS said that restaurants and pubs majorly boosted the economy as people visited places to watch football matches. From October, the growth had slowed sharply, partly because of the workers’ strike. ONS’ director of economic statistics Darren Morgan, while speaking to BBC, said, “We definitely saw the impact of industrial action in today's figures.” ALSO READ| UK's economy shrinks more than previously thought in third quarter: Data “We saw reasonably large falls in rail transport, postal work and warehousing and this sector had the biggest drag on the economy in November,” he added. “The economy grew a little in November, with increases in telecommunications and computer programming helping to push the economy forward. Pubs and bars also did well as people went out to watch World Cup games,” Morgan said. ONS further said that the UK economy declined by 0.3 per cent in the last three months, in comparison to the three-month period starting from August. "Over the last three months ... the economy still shrank -- mainly due to the impact of the extra bank holiday for the funeral of Her Majesty Queen Elizabeth in September," Morgan stated. The UK government as well as the Bank of England believe that the economy is already facing recession due to rocketing inflation. WATCH | World Business Watch | UK economy bounces back after two months of recession Analyst Sophie Lund-Yates warned, "On a three-monthly basis, the UK still shrank, and a 0.1-per cent gain on a monthly basis smells heavily of stagnation, rather than real growth. The idea that the UK will formally enter a recession soon is still very much a likelihood.” "The boost in November could stem from extra spending in the economy in the run up to Christmas, and there's real risk now that consumers are going to tighten their belts,” the analyst added. Commenting on the UK economy’s crisis, CBI economist Alpesh Paleja said, "High inflation is severely impacting household budgets and businesses are facing intense cost pressures. As a result, consumer spending and investment plans are weakening. The question for the government now is not whether we will fall into recession, but how long and deep the recession will be." (With inputs from agencies)

UK economy registers 0.1 per cent increase in November; still, recession looms

As the world is worried about a recession in 2023. Moody's Analytics says the more likely scenario is a "slowcession," where growth grinds to a near halt but a full economic downturn is narrowly avoided.

World Business Watch: Get ready for a 'slowcession' in 2023, Moody's warns

Experts have warned that the UK's recession-threatened economy, which saw a rebound in July, may take a hit from the public holiday marking Queen Elizabeth II's funeral next week.

Following a 0.6 per cent drop in June, the nation's gross domestic product (GDP) saw an expansion of 0.2 per cent, reports AFP citing a statement by the Office for National Statistics.&nbsp;

Experts have attributed the June dip to a public holiday for Queen's platinum jubilee, which marked her 70 years on the throne. Now another public holiday is scheduled next week for her funeral.

Watch |&nbsp;Will Queen Elizabeth's Corgis be at her funeral? Well, royal watchers want them to be

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"The feeble 0.2-percent bounce back in July was driven by weak GDP in June due in part to the loss of working days from the Jubilee long weekend," notes KPMG UK chief economist Yael Selfin.

He also expressed concern that the GDP in July remained below May levels, as per him this points to "overall contraction over the first two months of summer."

"Looking ahead, the extra public holiday for the queen's funeral on September 19 has the potential to be more damaging for the economy than the extra day off for the Jubilee in June," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics.

Also read |&nbsp;<a href="https://www.wionews.com/world/king-charles-iii-makes-first-address-to-british-parliament-515469" hreflang="en">King Charles III makes first address to British parliament</a>

He predicts that, unlike in June, many businesses will not be able to catch up on work and that the funeral will hit September GDP by 0.2 per cent.

As per the Bank of England (BoE) forecast, UK inflation which is already at a 40-year high will keep surging this year.

Also read |&nbsp;<a href="https://www.wionews.com/world/queen-elizabeth-iis-lookalike-set-to-give-up-job-after-34-years-out-of-respect-for-late-monarch-515327" hreflang="en">Queen Elizabeth II's lookalike set to give up job after 34 years out of respect for late monarch</a>

Rising energy and food costs combined with decades-high inflation will trigger a recession in the UK economy before the end of the year, BoE has predicted.

There is typically only one public holiday in Britain during the summer, but for the Jubilee celebrations, the holiday was doubled, and now the day off for the funeral means that millions of Britons get two extra public holidays.&nbsp;

(With inputs from agencies)

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Experts have warned that the UK's recession-threatened economy, which saw a rebound in July, may take a hit from the public holiday marking Queen Elizabeth II's funeral next week.

Experts have warned that the UK's recession-threatened economy, which saw a rebound in July, may take a hit from the public holiday marking Queen Elizabeth II's funeral next week. Following a 0.6 per cent drop in June, the nation's gross domestic product (GDP) saw an expansion of 0.2 per cent, reports AFP citing a statement by the Office for National Statistics. Experts have attributed the June dip to a public holiday for Queen's platinum jubilee, which marked her 70 years on the throne. Now another public holiday is scheduled next week for her funeral. Watch | Will Queen Elizabeth's Corgis be at her funeral? Well, royal watchers want them to be "The feeble 0.2-percent bounce back in July was driven by weak GDP in June due in part to the loss of working days from the Jubilee long weekend," notes KPMG UK chief economist Yael Selfin. He also expressed concern that the GDP in July remained below May levels, as per him this points to "overall contraction over the first two months of summer." "Looking ahead, the extra public holiday for the queen's funeral on September 19 has the potential to be more damaging for the economy than the extra day off for the Jubilee in June," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics. Also read | King Charles III makes first address to British parliament He predicts that, unlike in June, many businesses will not be able to catch up on work and that the funeral will hit September GDP by 0.2 per cent. As per the Bank of England (BoE) forecast, UK inflation which is already at a 40-year high will keep surging this year. Also read | Queen Elizabeth II's lookalike set to give up job after 34 years out of respect for late monarch Rising energy and food costs combined with decades-high inflation will trigger a recession in the UK economy before the end of the year, BoE has predicted. There is typically only one public holiday in Britain during the summer, but for the Jubilee celebrations, the holiday was doubled, and now the day off for the funeral means that millions of Britons get two extra public holidays. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Economic experts fear Queen Elizabeth II's funeral will further damage the UK's economy

Inflation in the United Kingdom has surged to a new 40-year high and is now in double digits. Official data for the month of July shows the consumer price index accelerated to 10.1% from 9.4% in June.

UK inflation hits double digits for first time in 40 years

Nearly 12 major economies are staring at a recession, this includes big nations like United States, United Kingdom, Japan, South Korea, Australia, Canada.

Global recession fears: Major economies headed into recession?

Amid the ongoing Russian invasion of Ukraine, the world is battling high inflation. In the United States, Fed is eyeing more rate hikes as recession fears loom.

US Fed sees more rate hikes in the future amid high inflation and recession fears

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