We partied for June’s jubilee, but a winter recession won’t be an easy ride

We partied for June’s jubilee, but a winter recession won’t be an easy ride - short news


Data on jobs, prices and sales this week will add to the gloom, but might an inflation-led return to work take the edge off?

Rewind to this time last year and the UK economy was accelerating out of the biggest slump in 300 years. The year-on-year growth rate was 8.7% and there was a sense that the worst of the pandemic was over.

China had reopened its doors to the world and inflation was falling as commodity prices – from copper and oil to wheat and timber – began to..


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source: The Guardian - 13.08.2022

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