Britain’s stagnating economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed.

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The UK economy has failed to grow in the third quarter of 2019, according to recent data released by the Office for National Statistics (ONS). This news comes as a disappointment to many, as the country narrowly avoided falling into a recession.

The ONS reported that the UK’s Gross Domestic Product (GDP) remained flat in the third quarter, following a 0.2% contraction in the second quarter. This means that the UK has narrowly avoided entering a technical recession, which is defined as two consecutive quarters of negative economic growth.

The lack of growth has been attributed to a number of factors, including ongoing uncertainty surrounding Brexit and a global economic slowdown. Business investment has remained weak as companies continue to hold off on making major decisions amid the uncertain political and economic landscape.

Furthermore, the manufacturing sector has been particularly hard hit, with output falling at its steepest rate in seven years. This has been largely attributed to the global trade tensions and a slowdown in the global economy.

Despite the disappointing figures, there are some positives to take from the data. The services sector, which accounts for about 80% of the UK economy, continued to show growth in the third quarter. Additionally, household spending increased, providing some support to the economy.

However, the overall picture remains one of stagnation and uncertainty. The ongoing Brexit impasse, coupled with a lack of clarity on the future trading relationship with the EU, is continuing to weigh heavily on the UK economy.

The latest figures have renewed concerns about the impact of Brexit on the UK economy. Many analysts fear that the lack of growth could lead to a prolonged period of economic stagnation, or even a recession if the situation does not improve.

The Bank of England has warned that the uncertainty surrounding Brexit is holding back the economy and has urged the government to provide clarity on the country’s future relationship with the EU.

It is clear that the UK economy is facing significant challenges, and the lack of growth in the third quarter is a cause for concern. The government and policymakers will need to take decisive action to provide support to the economy and restore confidence among businesses and consumers.

As the Brexit deadline looms and with no clear resolution in sight, it is essential that steps are taken to provide certainty and stability for the UK economy. Failure to do so could have serious consequences for the country’s economic prospects in the years to come.