Page 8 - May Report News Today : Breaking News, Live Updates & Top Stories | Vimarsana

risks and the driver of most of the revisions to the full costs since the may report is overwhelmingly energy prices and the consequences of the actions of russia. the rise in energy prices has exacerbated the fall in real incomes and led to another significant deterioration in the outlook for activity in the uk, and in the rest of europe. gdp growth in the uk has slowed and the economy is now forecast to enter recession later this year.- recession later this year. these were what recession later this year. these were what prices recession later this year. these were what prices look - recession later this year. these were what prices look like - recession later this year. these were what prices look like the l recession later this year. these i were what prices look like the last time the official interest rate rose by as much, 28 years ago. back then they were rising more slowly, barely one third as quickly. the official interest rate is higher than it has been for 13 years, but

Energy pricesMay reportGdp growthInterest rate roseInterest rateThe cost of living challenge0 5