BCC warns UK heading for recession ... but SCC says Scotland may avoid itJane Bradley
and like all cities there is more demand than availability which means that prices for rentals is high. After a dip thanks to the recession, prices are going up again and are on the same level or higher than before
The DAX in recession-hit Germany and French CAC also pared losses on the news - as did US stock markets on Wall Street. The S&P 500 was just 0.4% down heading towards the close though Trump cheerleader Elon Musk's Tesla was more than 5% down. Manufacturers such as carmaker...
However the BoE was the harbinger of some bad news – by slashing its forecast for economic growth, adding that the UK economy will narrowly miss a formal recession only by the narrowest of margins in the coming months, and downgraded its estimate of the economy’s ability to generate income...
The Bank of England predicts a recession starting later this year. Charities and public health leaders warn that the rocketing bills will be a “catastrophe" for poorer people heading into winter, as growing numbers are forced to make impossible choices between heating their homes and putting food...
"The economy is heading for a deep recession, with tighter fiscal policy adding yet another headwind to growth. However, with the U.K. suffering from pronounced underlying inflation pressure, it is far from clear that there is much space for significantly ea...
While the UK is on course to exit a shallow technical recession recorded in the second half of last year, the OECD found that consumers would be held back by “sticky” services prices inflation and a rising tax burden. “Soft external demand will constrain trade growth, and policy uncertaint...
He added, “Manufacturing is getting messier by the month. The recession has now dragged on for 27 months and even worsened in September. Looking ahead, the sharp drop in new orders and companies’ increasingly bleak outlook for future output suggest that this dry spell is...
The Bank also said the UK was no longer heading into an immediate recession. "We were really a bit on a knife edge as to whether there would be a recession... but I'm a bit more optimistic now," said Bank governor Andrew Bailey. ...
BARCELONA (ICIS)–Initial purchasing manager index (PMI) figures for the eurozone reveal that the region’s economy is contracting, with the previously resilient services sector weakening and the manufacturing recession deepening. The HCOB Flash eurozone composite PMI ...