UK Under Recession, Inflation Hitting World Strong Economies - page 2.

Information reaching now that UK Economy now in Recession despite all the struggles through the economy recent challenges to avoid this from happening, it was noted that countries like China and US have also been battling with such downward trend in their GDP for this 2022 Q3 season and inflation has been contending with developed and advanced countries economy, the UK economy has been experiencing unstable price control over it domestic produce with a drop in it labour market recently, it could be noticed that few weeks back, it was noted that UK economy on brink of recession before this could not eventually got mitigated to this time as inflation does not only appear with UK but with other strong countries and their economy, let's take a look proper.

From UK Economy

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UK-weighted global GDP growth appeared to be slowing in 2022 Q3, with data coming in a touch below the already weak expectations at the time of the August Monetary Policy Report https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/september-2022

From US Economy

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In the United States, GDP was expected to grow by 0.2% in the third quarter, marginally lower than had been anticipated in the August Report, following Q2 GDP growth of -0.1%, which had been weaker than expected https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/september-2022

From China Economy

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China’s GDP growth was likely to be weaker in 2022 Q3 than had been anticipated at the time of the August Report. In July, fixed asset investment and industrial production had fallen, and the rate of growth in retail sales had slowed https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/september-2022

An official statement coming from The Bank of England’s Monetary Policy Committee (MPC) that after consultations from the concerned stakeholders and committee (MCP) from it just concluded meeting on the 21st of September 2022 the final conclusion is on: Bank Rate increased to 2.25% - September 2022 with these, isn't the whole world economy tied to inflation and recession because some were just managing to schew out of it before this one coming in again, the strong and giants are falling, what shall be the fate of the weak and developing countries in this economic perilous time.

Topic: UK Under Recession, Inflation Hitting World Strong Economies - page 2. (Read 286 times)