简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Recently, due to the massive pandemic effect, the global recession, and the ongoing Russia-Ukraine war, inflation has become a serious problem in the UK. According to chief economist Huw Pill, the Bank of England will likely raise interest rates.
Recently, due to the massive pandemic effect, global recession, and the ongoing Russia-Ukraine war, inflation has become a serious problem in the UK. According to chief economist Huw Pill, the Bank of England will be likely to rise interest rates.
In order to prevent inflation from leading to wages and prices hike, Huw Pill warns that interest rates are likely to rise further. UK CPI inflation returned to a 40-year high of 10.1% in September on the back of rising food prices. i, in an attempt to prevent inflation leading to a spiral of higher wages and prices.
According to Deutsche Bank (DB), a deep, long-term UK recession may have started. The investment bank's chief UK economist, Sanjay Raja, predicted UK GDP fell by 0.6% quarter-on-quarter from July to September 2022, which could be the start of a recession.
“The drop in Q3 GDP reflects continued weakness in household and business confidence, higher inflation, and higher interest rates in the economy, with household consumption contracting in the quarter, business investment slowing, and government spending falling further,” Raja said.
“We also expect to see a material softening in inventories after two consecutive quarters of historically strong stockpiling, which should push GDP firmly into negative territory,” he added.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Bank Negara Malaysia (BNM) has updated its Financial Consumer Alert List (FCA List) by adding 12 more entities, reinforcing its efforts to warn the public against unregulated financial schemes. Check if your broker made the list!
TradingView has launched a mini app on Telegram, making it easier for users to track market trends, check price movements, and share charts.
Oil production cuts in March are reshaping the market. Traders are closely watching OPEC+ decisions and supply disruptions, which could impact prices and future production strategies.
Leverage amplifies both potential profits and risks. Understanding how to calculate leverage and margin helps traders manage risks and avoid forced liquidation.