Is the U.K. Headed for a Mild Recession? How BoE Rate Cuts Are Shaping the Economy
As the U.K. navigates a turbulent economic environment in 2024, concerns are mounting about the possibility of a mild recession. With economic growth slowing, inflationary pressures easing, and the Bank of England (BoE) embarking on a series of interest rate cuts, many experts are debating whether the U.K. economy can avoid a sharp downturn or if a recession is inevitable.