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

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.

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