https://external-preview.redd.it/H85UX9huLwhF1p5Nqy4zBQhOFCdrB9g4DuJGf4c2GZY.jpg?auto=webp&s=51ffc7bc1e3f534fa7e2f628ab7f7c4f3ec1644a
Britain’s economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.
Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in gross domestic product from July, and the report also showed how a jump in inflation was hitting consumers.
July’s increase in output was revised down to 0.1% from a previous estimate of 0.2%, and in the three months to August GDP fell 0.3%, its first decline since early 2021 when the country was mired in the coronavirus crisis.
Source: https://www.reuters.com/markets/europe/uk-economy-shrinks-slightly-august-2022-10-12/
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Just change the definition of recession… Problem solved
puts on what?
BOE are bitches and will do a U turn. Even today they played down secret talks of a U turn. I think those talks were real and the cat was out the bag early.
“Unexpectedly”
The Bank of England has been saying for months that they expected their economy to absolutely tank at the end of this year. There were comparisons to the Great Depression and conditions to last for an estimated 7 or 8 years.
so how do i make money from this?