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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

High prices and low growth should nip UK and eurozone interest rate rises in the bud

woman Supermarket shopping for vegetables
Supermarket shopping in London this spring: consumer confidence is as low as during the second 2020 lockdown Photograph: Hesther Ng/Rex

A recession lurks just around the corner. That’s what many economists and financial analysts in the UK and across Europe fear as inflationary pressures collide with the Russian invasion of Ukraine to undermine the post-Covid recovery.

On Monday, the Office for National Statistics will report on how much the UK economy expanded in February. Any chance of matching January’s GDP growth looks optimistic.

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