The ominous assessment of the nation's economic health, published by think tank the Resolution Foundation, suggested urgent plans are needed in order to mitigate the impact of the next downturn, with many of the Bank of England's monetary policy cards already played.to assess the threat from a recession, projects that Britain's recession risk has now reached its highest level since 2007.
Britain experiences technical recessions, in which output contracts for two consecutive quarters, roughly once a decade. However, the combination of global trade and domestic political pressures mean that the avoidance of mass job losses and socio-economic detriment which accompanied the last downturn may not be as attainable.
There is some evidence to suggest that the U.K. economy may already be contracting, as manufacturers in June had their worst month in more than six years and consumer borrowing increased at its slowest pace since 2014. The overall purchasing managers' index for June fell to 14.0, well below the average forecast in a Reuters poll, and its lowest since February 2013.The U.K.
, the frontrunner to replace Prime Minister Theresa May, has vowed to leave the EU on Halloween with or without a deal in place, a move widely anticipated to be profoundly damaging for the British economy.
bmoller And honestly, I agree with you😀💋
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Your lifestyle can lower your dementia risk, even if you have high genetic risk, study saysA good diet and exercise doesn't just help your waistline. Lifestyle factors may also help lower your risk of dementia, even if you have a higher genetic risk, according to a study published Sunday in the medical journal JAMA. START WITH STOP DRINKING ALCOHOL AT A YOUNG AGE MOTHER MARY
Source: CNN - 🏆 4. / 95 Read more »
Cutting only 300 calories a day can cut risk of diabetes, heart disease, study findsA calorie restriction can decrease the risks of such things as heart disease and diabetes, according to the study in The Lancet Diabetes & Endocrinology. That’s two servings of Potato Chips. Is that the dumbbell or her figure? It's funny how that works. ;)
Source: ABC - 🏆 471. / 51 Read more »
A new study tracks the surge in Chinese loans to poor countriesChina's outstanding loans to other countries have risen from almost nothing in 2000 to more than $700bn today Easy buy Africa with “mortage” Good. In 20 years they will have all the headaches America has now. if they owe you, you own them
Source: TheEconomist - 🏆 6. / 92 Read more »
Flu shots during pregnancy are safe for mother and baby, says new studyFor expectant moms worried about getting the flu vaccine while pregnant because of safety concerns, new research provides some relief.
Source: AOL Lifestyle - 🏆 704. / 51 Read more »
Smoking Pot Can Alter the Genetic Makeup of Sperm for the Worse, New Study SaysLadies, listen up: Men who smoke weed may not make healthy babies. Don't make me laugh.
Source: Yahoo Lifestyle - 🏆 365. / 59 Read more »
Barry Mostly Spares Metro New Orleans, Flood Risk RemainsBarry, the first hurricane of the 2019 season to hit the U.S. coast, largely spared metro New Orleans. By Sunday afternoon, the slow-moving storm was downgraded to a tropical depression as it headed north. We are getting flooding in the midwest. I'm glad the damage wasn't as bad as it could have been
Source: WSJ - 🏆 98. / 63 Read more »