BBCNEWS World July 6, 2024
the economy is coping with the cost—of—living crisis when we get first—quarter gdp figures in just over an hour's time. it's expected to have continued growing by 0.2% in the first three months of the year. hardly booming, but a far cry from the record—breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts, saying the uk will now avoid going into recession. but it warned that the battle to get soaring prices under control is taking much longer than expected. the bank also raised its main inte...