Recession

Commentators predict the recession will be a 'shallow and short-lived one'

GDP fell by 0.5% in December after a turbulent year in 2022

Due to weakness in the economy and labour market shortages

Central bank raises rates to 1.75%

GDP drop of 0.9% in Q2

Worst in G20 bar Russia

'Reconfigure the investment landscape'

UK GDP down 0.1%

Economy still ‘vulnerable’ to Covid shocks

QE has been ‘absolutely critical’