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A comment on Bank of England expects UK to fall into longest ever recession. Parent comment

Re:Bank of England expects UK to fall into longest ever rece... by TechBro8615 on Thursday November 03, 2022 @03:31PM (#33456187)
It's elections season and there is about to be a shift in power. Those currently in power have been resisting labeling the current environment a recession. Expect this to change in Q1 2023 as they gaslight you into believing we're in a recession because of the new team in charge.
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Re:Bank of England expects UK to fall into longest ever rece... by oxfordmale on Thursday November 03, 2022 @03:40PM (#33456331)
The recession is driven both by an economic slowdown in China and the war in the Ukraine.

The economic slowdown in China is caused by the endless Covid lockdowns.

The war in the Ukraine is resulting in a shortage of natural gas in Europe, sharply driving up energy prices resulting in double digits inflation and people naturally tightening their spending.

The USA has mostly been protected as they have their own gas and oil supplies, however, they are not immune to what happens in the world.

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Re:Bank of England expects UK to fall into longest ever rece... by mizzack on Friday November 04, 2022 @08:56AM (#33465798)
Don't forget about rampant inflation/currency issues.
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