High prices and low growth should nip UK and eurozone interest rate rises in the bud

Central banks talk tough about tackling inflation, but raising borrowing costs now risks plunging us into recession this year

A recession lurks just around the corner. That's what many economists and financial analysts in the UK and across Europe fear as inflationary pressures collide with the Russian invasion of Ukraine to undermine the post-Covid recovery.

On Monday, the Office for National Statistics will report on how much the UK economy expanded in February. Any chance of matching January's GDP growth looks optimistic.