
Macro - Weekly Briefings - United Kingdom
Description
Macro - Weekly Briefings - United Kingdom
The week's data offered further evidence that the UK economy is drifting into recession, with the impact of very high inflation on household spending power the key cause. But there are now signs that soft demand is beginning to weigh on firms' pricing power. So the window for further interest rate hikes appears to be narrowing.
The week's data offered further evidence that the UK economy is drifting into recession, with the impact of very high inflation on household spending power the key cause. But there are now signs that soft demand is beginning to weigh on firms' pricing power. So the window for further interest rate hikes appears to be narrowing.
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