UK Slides into Deeper Recession in 2022 Despite Government Spending

UK experienced a technical recession in 2022 with 2 quarters of economic contraction, but decline in GDP per capita since early 2022 shows a deeper recession

Higher defense spending and government spending in 2022 masked deeper declines in manufacturing and other sectors

Comparing 2011 and 2023 trade deficits shows long-term decline in UK exports since the 2008 financial crisis and Brexit

UK exports fell significantly in 2022, down 12% compared to pre-pandemic levels, with decreases to both EU and non-EU countries

Rising imported raw material and energy costs made UK goods more expensive and difficult to export abroad