Are We In A Recession 2024 Uk. Chances are we'd be in a world of pain at the rba's hands. The bank of england has warned the uk economy will slide into recession this year as higher energy prices push inflation above 10 per cent, a forecast that pushed sterling to.
The bank of england has warned the uk will fall into recession as it raised interest rates by the most in 27 years. Revised gdp data from the office for national statistics (ons) confirmed the uk entered a technical recession in the final six months of last year.
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