Economic Briefing Report

Recession risks mount as the British economy contracts in March and April

  • BRC author avatar
    Harvir Dhillon Economist

"The ongoing recovery from the pandemic continues to be derailed by high inflation, labour shortages as well as supply-chain disruption emanating from China’s pursual of zero-Covid as well as the Ukraine-Russia conflict, the end of which does not appear imminent.

"The outlook ahead is consequently highly uncertain, as economic shocks reverberate throughout the supply-chain. Basic commodities such as energy, metals and grain are all witnessing at or near record-high prices, raising input costs at the factory gate and the resultant pass-through of costs being felt by consumer wallets."


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