A person walks past shuttered shops as a warning of a long recession from the Bank of England reververates as across the UK (Dominic Lipinski/PA)
(Picture: PA Archive)After the Bank of England’s bleak warning of the longest recession in modern times, the UK finds out this week if the downturn has started to arrive.
Economic data for the third quarter -- due out on Friday -- is expected to show that the value of all the goods and services produced between July and September fell. City forecasters predict a decline of around 0.6% for the period. It would be the first quarterly drop since the pandemic and the first quarter of 2021.
