Global recession to hit one third of world’s economy
This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. Photo: AFP A third of...
Tag : Global recession
UK economy shrinks by 0.3% in August
The UK economy unexpectedly shrank by 0.3% in August, the Office for National Statistics says It said the fall was because of a slowdown in...
Bank of England intervenes in bond market
The Bank of England has warned of a risk to the UK’s financial stability as it steps in again to buy more government debt and...
UK mortgage rate hits 12-year high
The interest rate on a typical five-year fixed rate mortgage has topped 6% for the first time in 12 years. The typical deal now has...
British Pound falls to low record
The British pound has fallen to its lowest level in decades against the US dollar, amid fears over runaway inflation and recession. The government has...
Ukraine war: World Bank boss warns global recession threat
The head of the World Bank has warned that Russia’s invasion of Ukraine could cause a global recession as the price of food, energy and...