BCC says the UK is already in a recession<p>Bloomberg (gated) with the info from the British Chambers of Commerce (BCC):</p><ul><li>says the UK is already in the midst of a recession</li><li>BCC expects the UK economy to contract for 2 more quarterly periods following the contraction in Q2</li><li>sees inflation to reach 14% later this year</li></ul><p>---</p><p>Can't say this is a surprise. The UK has been slammed very, very hard by the energy crisis. </p><p>---</p><p>Cable update:</p>
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: BCC says the UK is already in a recession (https://www.forexlive.com/news/bcc-says-the-uk-is-already-in-a-recession-20220901/https://www.forexlive.com/news/bcc-says-the-uk-is-already-in-a-recession-20220901/)
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