Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 4 January 2023 - Economic plight could be worse than the Pandemic
Description: Several reports have been released by NGOs, financial institutions and investment houses providing their prognosis for the UK economy over the next twelve months.
The verdict is consistently dire, with no one seeing any reason to doubt the Governor of the Bank of England’s forecast that the economy will fall into a fairly deep and long recession which will last at least five quarters beginning in the fourth quarter of 2022.
The economy is clearly facing a number of factors that are difficult to ignore. First, inflation continues to appear to be out of control despite two of the main co...