Bank of England predicts recession at the end of the year - Moneycontrol

8/4/2022 12:00:00 AM2 years 9 months ago
by Associated Press

The bank said Thursday that inflation will accelerate to over 13% in the fourth quarter and remain very elevated," for much of 2023. The forecast reflects a sharp increase from the 9.4% rate recorded in June.

The Bank of England says the United Kingdom's economy is projected to enter a recession in the final three months of the year, amid soaring gas prices stemming from Russia's invasion of Ukraine. The… [+4632 chars]

full article...

Bank of England predicts recession at the end of the year - Moneycontrol

The bank said Thursday that inflation will accelerate to over 13% in the fourth quarter and remain very elevated,&quot; for much of 2023. The forecast reflects a sharp increase from the 9.4% rate recorded in June.

The bank said Thursday that inflation will accelerate to over 13% in the fourth quarter and remain very elevated," for much of 2023. The forecast reflects a sharp increase from the 9.4% rate recorded in June.