UK Economy Headed for a Rocky End of 2023 and Risk of Recession
This article is for subscribers only.
The UK economy is heading for a rocky final quarter of 2023 after a string of indicators this week prompted the Bank of England to halt its quickest monetary tightening in three decades.
Recession warnings are flashing, with a survey of purchasing managers pointing toward a contraction and potential jump in unemployment. The result prompted a quick shift in the policy debate away from fighting inflation and toward the risks buffeting the economy.