Countdown until a The Telegraph article is published saying “it’s not as bad as the economic situation in most African countries though, so nothing to see here”: 3 … 2 … 1 …
Most recessions last 11 months to 16 months. That’s the weird thing about them, before we actually officially in them they are half over.
So a year would be about right but indicates some minimal growth either side.
It’s worth pointing out this is a prediction, we are not currently in recession, like the US.
The Bank of England is rising the interest rates to attempt to reduce consumer demand and in turn reduce inflation.
The ECB doesn’t have the same movement with interest rates. As it has to attempt to balance inflation across the full eurozone. The interest rate rise would be correct for some countries and be a shit show for others.
Hello stagflation. We have not missed you.
I’m not sure if the central bank’s approach is the right one here. They’re predicting inflation will hit 13(!)% by the end of the year driven almost entirely by spiralling O&G costs, which will eat into people’s savings and draw down demand, while spiking peoples’ mortgages at the same time – I’m not sure the increased interest on their savings will compensate that.
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ECB rate is 0.5% since 27th July
It will likely rise again
Countdown until a The Telegraph article is published saying “it’s not as bad as the economic situation in most African countries though, so nothing to see here”: 3 … 2 … 1 …
Most recessions last 11 months to 16 months. That’s the weird thing about them, before we actually officially in them they are half over.
So a year would be about right but indicates some minimal growth either side.
It’s worth pointing out this is a prediction, we are not currently in recession, like the US.
The Bank of England is rising the interest rates to attempt to reduce consumer demand and in turn reduce inflation.
The ECB doesn’t have the same movement with interest rates. As it has to attempt to balance inflation across the full eurozone. The interest rate rise would be correct for some countries and be a shit show for others.
Hello stagflation. We have not missed you.
I’m not sure if the central bank’s approach is the right one here. They’re predicting inflation will hit 13(!)% by the end of the year driven almost entirely by spiralling O&G costs, which will eat into people’s savings and draw down demand, while spiking peoples’ mortgages at the same time – I’m not sure the increased interest on their savings will compensate that.