https://sputnikglobe.com/20221103/bank-of-england-forecasts-uk-gdp-decline-at-05-in-q3-says-economy-in-recession-1103682425.html
Bank of England Forecasts UK GDP Decline at 0.5% in Q3, Says Economy in Recession
Bank of England Forecasts UK GDP Decline at 0.5% in Q3, Says Economy in Recession
Sputnik International
MOSCOW (Sputnik) - The Bank of England forecasts the country's GDP to decline by 0.5% in the third quarter of 2022, with the UK econnomy expected to remain in... 03.11.2022, Sputnik International
2022-11-03T12:39+0000
2022-11-03T12:39+0000
2023-05-28T15:25+0000
economy
bank of england
recession
united kingdom (uk)
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"As a result, the UK economy is expected to remain in recession throughout 2023 and 2024 H1, and GDP is expected to recover only gradually thereafter. Following growth of 0.2% in the second quarter, UK GDP is expected to have contracted by 0.5% in 2022 Q3, and is projected to fall by 0.3% in Q4," the report read.
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Bank of England Forecasts UK GDP Decline at 0.5% in Q3, Says Economy in Recession
12:39 GMT 03.11.2022 (Updated: 15:25 GMT 28.05.2023) MOSCOW (Sputnik) - The Bank of England forecasts the country's GDP to decline by 0.5% in the third quarter of 2022, with the UK econnomy expected to remain in recession throughout 2023, according to the latest monetary policy report released on Thursday.
"As a result, the UK economy is expected to remain in recession throughout 2023 and 2024 H1, and GDP is expected to recover only gradually thereafter. Following growth of 0.2% in the second quarter, UK GDP is expected to have contracted by 0.5% in 2022 Q3, and is projected to fall by 0.3% in Q4," the report read.
