Instant View: UK budget - no recession in 2023; UK assets sink in global market turmoil

"Today the Office for Budget Responsibility forecast that, because of changing international factors, and the measures I take, the UK will not now enter a technical recession this year," he said as he presented his budget in parliament.

"Despite continuing global instability, the OBR report today that inflation in the UK will fall from 10.7% in the final quarter of last year to 2.9% by the end of 2023." In a separate release, the OBR said the peak-to-trough fall in GDP was likely to be just a quarter of the 2.1% fall assumed in its November forecast.

The pound was last up roughly 0.8% against the euro, but sank against the dollar, as a rout in global banking shares hit investor confidence in risk-linked assets such as equities with London blue-chip stock index sliding.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Instant View: U.S. February CPI increase leaves market guessing on FedU.S. consumer prices increased in February amid sticky rental housing costs, but economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »