The "two quarters" rule is a bit of a blunt tool. The Office for National Statistics doesn't like itbecause there are other factors that might mean GDP falls for six months that won't mean an economy is in recession. But it's widely used - including by the Bank of E...
Paul Gruenwald: We're going to be around 4.5% (in terms of interest rate range). And again, that's the baseline scenario. If we go into a recession, if the labor market really starts to weaken and growth starts to weaken, then the Central Bank will be more aggressive and we'll get...
Paul Gruenwald: We're going to be around 4.5% (in terms of interest rate range). And again, that's the baseline scenario. If we go into a recession, if the labor market really starts to weaken and growth starts to weaken, then the Central Bank will be more aggressive and we'll get...
Read the full-text online article and more details about "King Finally Admits: UK Is Entering a Recession; ECONOMY Bank of England Governor Confirms Worst Fears in Association with WWW.Rbs.Co.UK" - The Birmingham Post (England), October 22, 2008...
Disinflation is easing household income constraints and has allowed the European Central Bank and the Bank of England to adopt a "hawkish pause," although markets still see a chance of another hike by the latter. We expect policy rates to be on hold into mid-2024. Our forecas...
The Federal Reserve, the Bank of Japan, the European Central Bank and the Bank of England have all sharply raised rates with the aim of slowing inflation to around 2%. In the United States, year-over-year inflation has plummetedfrom a peak of 9.1% in the su...
Business rates in England are calculated by multiplying the ‘rateable value’ (RV) of your property by a ‘multiplier’ set by the government. The RV is estimated by the Valuation Office Agency, and is based on an estimate of your property’s open market rental value on a fixed valuation...
The median GDP growth estimate for 2024 rose to 2.1% from 1.4%, and the projection for unemployment fell to 4% from 4.1%, with similarly upgraded forecasts for 2025 and 2026 as well. All of those numbers are in line with a healthy economy, not one that’s in a recession. ...
However, the current recession has left the UK construction industry facing its toughest challenges for a generation with the housing sector among those to have sustained the worst damage. Indeed, recent figures reveal that housing orders in the UK were down 30%, amounting to an overall 18% ...
the fact that the Bank of England, which issues the currency, has played an active role in international economic developments. However, in recent years especially since Brexit, the GBP has weakened due to higher interest rates and fear of a recession, while the U.S. dollar has strengthened....