BCC: UK inflation to hit 10% in Q4, no GDP growth in Q2 & Q3 with contraction in Q4

In the new economic forecasts, British Chambers of Commerce projected that UK inflation rate will reach 10% in Q4 this year, “comfortably outpacing average earnings growth”. That would be the highest since CPI records began in 1989. CPI is only expected to finally fall back to BoE’s target of 2% by the end of 2024. […]

The post BCC: UK inflation to hit 10% in Q4, no GDP growth in Q2 & Q3 with contraction in Q4 appeared first on Action Forex.