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Podcast: Beyond Currency
Episode: 9 February 2023 - Mortgages may continue to rise for some time
Description: There is a growing possibility that the UK could avoid a technical recession this year, according to a survey published by the National Institute of Economic and Social Research published yesterday.
However, the Institute still predicts that the country will see a prolonged and significant fall in living standards, while it also reduced its expectation for GDP this year to 0.2% from 0.7% previously. It also reduced its prediction for 2024 from 1.7% to 1%.
The Institute’s Managing director commented that its report paints a particularly downbeat picture of the UK, which will be slow to recover from the energy price shock that it sa...