we start here in the uk where the bank of england has given its bleakest forecast in recent memory a prolonged recession is on the way, starting this autumn and continuing all of next year and into 202a. if accurate, it would be the longest downturn for the uk economy since the financial criss in 2008. inflation is predicted to hit more than 13%, driven by the sharp rise in energy bills. and in an effort to rein in soaring prices, the bank has raised interest rates by the most in 27 years, piling more pressure on households. 0ur economics editor faisal islam reports. as the essentials, from fuel to food, continue to surge in price, with little sign of an end, hitting every household in the country, eventually the entire economy too will actually begin to shrink, a recession now predicted for britain. at the bank of england the governor presented the grim news with troubling charts, almost all heading in the wrong direction. gdp growth in the uk has slowed and the economy is
Ashwini Agarwal of Demeter Advisors hopes for a more even recovery in the Indian economy, rather than just benefiting the rich. He expects the release of government capex to ease liquidity and boost consumption. He sees opportunities in attractive consumer staples stocks with benign raw material prices and constructive margin outlook.
up 14% from last year. is the industry ready? scott kirby, ceo of united airlines. so many questions for you. i will try to make the most of the time i have with you. these travel numbers haven t slowed down and what do you see from your vantage point about the economy and also how hybrid work schedules might have changed what you see on the weekends? yeah. you know, we see a really strong economy. while we re planning for a mild recession next year if we look at our data we don t see anything like that. in fact, i have been saying, you know, if i didn t read the wall street journal or watch business news the word recession probably wouldn t be in my vocabulary right now. so the demand environment for air travel is really strong. and we feel good about what the outlook is. dana: is that one of the reasons you are in charleston today at the boeing plant? you are purchasing new boeing
releases is closely watched monthlyjobs data and the report is expected to show that you us economy added around 260,000 jobs last month. if thatis 260,000 jobs last month. if that is correct, it is a healthy number, but it is still at the lowest total since december 2020. all of this suggests that america s labour market is in good shape however the expected slowdown in the face ofjob creation shows it is not immune from the cool breeze of higher borrowing costs, slower demand environment and rising economic uncertainty. let s speak to diana furchtgott roth. she has served as a white house economic adviser under four presidents reagan, both bushes and trump. she s now at george washington university. it is very good to have you with us. thanks forjoining us on the programme. what will you be looking for? what are the key indicators aside from the right numbers on employmentjob