UK economy faces another tough year

By Xinhua News Agency

Dec 27, 2023 12:18 am

LONDON: At risk of recession, the United Kingdom has witnessed a year of poor economic performance in 2023, and next year does not look promising either.

Inflation in the country has been running high for more than two years, making the cost-of-living crisis a heated topic across the nation. The consumer price index (CPI) rose by 3.9 percent in the 12 months to November 2023, mainly due to a drop in fuel prices and slower growth in food prices.

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