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
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