Global inflation is set to stay down and evidence of a recession is being revealed across the globe,...
Global inflation is set to stay down and evidence of a recession is being revealed across the globe, says Nigel Morgan, economic strategist at Old Mutual Asset Managers (OMAM). Simon Rubinsohn at Gerrard, says: 'The latest inflation report by the Bank of England was remarkably gloomy in its assessment of the outlook for the economy. The fact that it now believes growth will be weaker than previously anticipated is hardly a surprise given the sentiments expressed in the statement accompanying the UK base rate cut at the beginning of the month. More significant is that, even after this low...
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