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Re:UK expected to be only major economy to shrink in 2023 – IMF by kmlx on Tuesday January 31, 2023 @10:14AM (#34596062)
i think people are reading way too much into this. since the UK had one of the strongest numbers in 2022 it’s quite normal to see some backlash now due to inflation, taxes and gas prices. the lack of low wage labour and extra paperwork when exporting/importing is surely not helping, but it’s usually a lot more complex than a single factor.

i also tend to heavily doubt these forecasts based simply on their history. every institution was forecasting massive recession in december. and then in january the forecasted recession went away. and then a few weeks later germany reported they’re almost in a recession. so zero trust from me.

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