Signals are flashing red for Rishi Sunak’s economic growth pledge
by Phillip Inman from Economics | The Guardian on (#6H3V7)
Bank of England and Niesr have not forecast a recession but October fall in GDP may suggest one is on the way
The UK economy is sinking. The question is for how long and whether the downward surprise in October is repeated in the coming months.
Some analysts responded with a shrug to a 0.3% contraction in gross domestic product (GDP) that followed September's 0.2% rise, saying it was a one-off decline before an expected rebound in November.
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