Bank of England no longer believes the UK will face a technical recession this year
The Bank of England has released documents revealing a slight increase in UK's GDP in the second quarter of 2023, contrary to its earlier predictions of a technical recession. This is due to the decrease in wholesale energy costs, which could reduce projected utility expenses.
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The Bank of England has released documents revealing a slight increase in UK's GDP in Q2 of 2023, contrary to its earlier predictions of a technical recession.