Britain is increasingly likely to head into recession over the next year or two amid soaring inflation due to the country’s vulnerability to external shocks, J.P.Morgan economists said on Friday, a day after the Bank of England raised borrowing costs.
“If the engineers a sharp growth slowdown or recession, this would spill over to the UK and, combined with a tightening in domestic financial conditions, likely produce a UK recession,” JPM said.“... given the nature of the UK economy, we see high vulnerability to external shocks beyond the near term and see increasing chances of a recession over the next one to two years,” JPM added.
Source: Loan Digest (loandigest.net)
KWehsner So is USA
So is Canada likely to face recession in the next 2 years. How about reporting on that!
Zero carbon =Zero jobs Nice to be rich right now