The UK: stagnant, but improving?
Recession pressure: 60%
One of the steepest, fastest and most globally synchronized monetary tightening cycles in history has come to an end. (Or so it seems.) Will a global recession be the result?
Compared with the middle of last year, prospects for a recession in Britain seem to be receding.
However, the economy remains in rather morose state, with a prevalence of red and yellow cells in the most recent columns of our dashboard.
(The “heat-mapping” of all figures in these dashboards tracks their deviations from decades of historic data.)
We last calculated a recession pressure indicator in December. As the January indicators trickle in, job growth and business confidence are improving. Some indicators, like housing, are benefiting from a shift from dark red to “pink.”