BBCNEWS World Business Report June 4, 2024 04:38:00
Profits, they have oil based products and costs.- profits, they have oil based products and costs. let's stay in the uk, because official gdp figures out in the next few hours could suggest the country is already heading towards recession. they are expected to show the economy shrank in the three months tojune. two quarters in a row of negative growth is the usual definition of a recession. the bank of england has warned uk growth will go into reverse later this year, and continue to contract all of next year and into 202a. yael selfin is chief economist at kpmg here in london. welcome. what a...