Questions about a recession in the UK and internationally are abound as experts warn that the economy is teetering on the brink of one.
The UK is set to enter a recession, according to a new report by the National Institute of Economic and Social Research (NIESR). It says the economy is headed for stagflation - a period of rising inflation, slow growth, and unemployment - for the first time since the 1970s.
A recession refers to economic decline that lasts months or years, referred to by Investopedia as a "significant, widespread, and prolonged" downturn in economic activity.
