The 0.1% m/m fall in GDP in October is the second such decline in a row and means there is every chance that the economy went backwards in Q4 as a whole. Talk of a recession still feels a bit premature. But these aren’t the kind of economic “milestones” that the government was hoping for.
We’ll be discussing the outlook for Bank of England, ECB and Fed policy in a 20-minute online briefing at 3pm GMT on Thursday 19th December. (Register here.)
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