Is There Light At the End of the Tunnel?

Pryce, Vicky (2022) Is There Light At the End of the Tunnel? Birmingham City University, Centre for Brexit Studies Blog.

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The Wold Bank recently warned that the current, as they call it, ‘synchronised’, though not necessarily coordinated, raising of interest rates, however necessary in their view, is likely to lead to global recession. With core inflation now exceeding central bank targets worldwide, the OECD has issued downbeat forecasts for the developed nations in 2023 with the UK likely to show stagnation for the year overall , one of the worst performers in its table except for Russia which is likely to see declines both this year and next. The IMF in its forecast accompanying its annual meeting in Washington this week now expects a drop in German and Italian GDP in 2023, both much affected by the cutting of Russian energy supplies. The UK ‘s growth rate for next year was downgraded to 0.3% .

Item Type: Other
14 October 2022Published Online
Uncontrolled Keywords: Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects: CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions: Research, Innovation, Enterprise and Professional Services > Centre for Brexit Studies
Depositing User: Gemma Tonks
Date Deposited: 17 Oct 2022 13:00
Last Modified: 17 Oct 2022 13:52

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