Tagrecession

Europe Braces for Recession as Economies Falter

By Olivia Wilson
In Social
4 Min Read
E

The British economy shrank 0.2 percent over July, August, and September compared with the Office for National Statistics reported on Friday the previous three months. It was a decline expected to continue and spread to the continent by the end of the year. Many nations are viable to enter a slump in the last three months of 2022, Paolo Gentiloni, the European Union commissioner for the economy...

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Chamber urges next PM ‘We need your help’ as inflation and rate rises prompt recession fears

By Marta Lopez
In Business
3 Min Read
C

The region’s businesses need Government help to get through the coming months of rising inflation and likely recession. After the Bank of England warned inflation could peak at 13.3 per cent in October and as energy prices are expected to keep rising, East Midlands Chamber has been warning of a “cost of doing business crisis”. Commenting on the Bank putting interest rates up 0.5 per cent to...

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