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Podcast: Beyond Currency
Episode: 13 September 2023 - GDP drops 0.5% in the UK
Description: There has been a remarkable turnaround in the fortunes of the country in the past three months. The country was headed for a damaging recession as a “doom loop” of negative economic developments looked likely to engulf it.
Then the IMF produced a report in which it predicted that the UK would not fall into recession this year and the ONS updated its data on the country’s post-Pandemic performance and suddenly confidence is beginning to flow again.
Yesterday’s employment report for August showed that wages have finally caught up with prices and both should now begin to increase in uniso...