Notes
GDP
Every note tagged GDP, most recent first.
4 notes
Tagged GDP4
UK GDP per capita in 2026: is the economy growing per person?UK real GDP per head rose 0.4% in the second quarter of 2026 and was 1.0% higher than a year earlier. GDP per capita helps explain why headline economic growth can feel different from household living standards.Is the UK in a recession?No, the UK is not in a recession by the standard definition, but GDP is the wrong place to look. What the leading indicators say about a UK recession in 2026, why the official figure lags, and where the economy is actually heading.Is the UK heading for a recession in 2026?The UK is not currently in recession. GDP grew 0.4% in July and 0.4% in the three months to July 2026. The main downside risks are a softer labour market, weak industrial activity and an inflationary energy shock.Is the UK economy growing?Yes. UK GDP grew 0.4% in July 2026 and 0.4% in the three months to July. Services drove the rolling-quarter growth, while production and construction both fell 0.5%.