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The Bank of England faces challenges in managing interest rates due to wage inflation concerns, industrial actions in various sectors underscore the widespread impact of economic uncertainty. ....
Because the eurozone s largest economy is now officially in recession. germany has had two consecutive quarters of negative growth. the country s economy contracted by 0.3% between january and march. this follows a contraction of 0.5% in the final three months of 2022. a drop in consumer spending was main cause of germany s disappointing performance in the first quarter, with household consumption falling by 1.2%, as the cost of living crisis continued to cause headaches for millions of people. joining me now is christian schulz deputy chief european economist at citi bank. thank you for being with us. perhaps no great surprise for those who watch those numbers, but it is symbolically important that what was once was a powerhouse economy is now technically in recession. technically in recession. indeed. germany s - technically in recession. indeed. germany s. .. they ve technically in recession. indeed. germany s. .. they ve had - technically in recession. indeed. germany s. .. ....
Michelle has worked in the mortgage industry for more than 20 years. she says she s never seen anything like the current situation. i want to see some stability in the market. i d love to see them kind of say, right, well, we ve put it up 1%, but that s it. you know, forfor six months. for eight months, you know, for a year, you know, let s just give people a bit of stability so they know where they are. in the meantime, there will be plenty watching what the bank of england decides to do later today and bracing themselves for what the next few months may hold. navteonhal, bbc news. let s get more on this from katharine nice, chief european economist at the investment management business, p gim. she s previously held executive roles at the bank of england, including head of the policy, strategy and implementation. thank you very much forjoining us. what is your expectation of what will be announced at 12 o clock today? the market is very focused on ....
Dollar dishes the pain as new selloff takes hold streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Dollar dishes the pain as selloff rumbles on streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.