Discover and read the best of Twitter Threads about #recession2022
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@bankofengland raises rates by 50bps today and forecasts nflation to š13.1% by end-2022.
It looks like the bank is forecasting a mild #recession with #GDP growth *falling* by 1.5% in 2023.
This is accompanied by a modest rise in the #unemployment rate to 5.75% in 2024.
A š§µ
It looks like the bank is forecasting a mild #recession with #GDP growth *falling* by 1.5% in 2023.
This is accompanied by a modest rise in the #unemployment rate to 5.75% in 2024.
A š§µ
As I read through the @bankofengland report, I will tweet my commentary here.
Taken from the report:
A #recession2022 is the Bankās base case forecast.š£
āThe United Kingdom is now projected to enter recession from the fourth quarter of this year.ā
bankofengland.co.uk/monetary-policā¦
Taken from the report:
A #recession2022 is the Bankās base case forecast.š£
āThe United Kingdom is now projected to enter recession from the fourth quarter of this year.ā
bankofengland.co.uk/monetary-policā¦
āThe changes Ofgem has announced to the method for updating the household energy price cap are also expected to push up CPI inflation in the near termā¦ā
This was a worry I set out yesterday.
This was a worry I set out yesterday.
The United States economy is officially in a recession with the past two quarters contraction being reported by the Department of Commerceās Bureau of Economic Analysis.
getliberty.org/2022/07/bidensā¦ #recession #recession2022
getliberty.org/2022/07/bidensā¦ #recession #recession2022
Most Americans already knew that the economy was in trouble due to the forty-year high inflation that has bloomed due to unnecessary federal government spending splurges since December of 2020.
Intractable supply chain issues that are exacerbated by a Transportation Secretary, Pete Buttigieg, who is more interested in his next hoped for job than the one he currently holds.
