Econosights: Is the Bank of England’s recession forecast a warning for other central banks? | AMP Capital
Econosights: Is the Bank of England’s recession forecast a warning for other central banks? Key points The Bank of England’s latest forecasts assume a bleak outlook for the UK over 2022/23 with inflation peaking at 13%, a decline in GDP growth of more than 2% and a recession lasting over a year. Australia and the US are facing some similarities to the UK economy, but the energy crisis in both countries is less severe. …