UK economy registers 0.1 per cent increase in November; still, recession looms

As the world is worried about a recession in 2023. Moody's Analytics says the more likely scenario is a "slowcession," where growth grinds to a near halt but a full economic downturn is narrowly avoided.

World Business Watch: Get ready for a 'slowcession' in 2023, Moody's warns

Economic experts fear Queen Elizabeth II's funeral will further damage the UK's economy

Inflation in the United Kingdom has surged to a new 40-year high and is now in double digits. Official data for the month of July shows the consumer price index accelerated to 10.1% from 9.4% in June.

UK inflation hits double digits for first time in 40 years

Nearly 12 major economies are staring at a recession, this includes big nations like United States, United Kingdom, Japan, South Korea, Australia, Canada.

Global recession fears: Major economies headed into recession?

Amid the ongoing Russian invasion of Ukraine, the world is battling high inflation. In the United States, Fed is eyeing more rate hikes as recession fears loom.

US Fed sees more rate hikes in the future amid high inflation and recession fears

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