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UK GDP Growth Masks Recession Ahead Of BoE Rate Hike

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by , 12-12-2022 at 05:28 PM (298 Views)
      
   
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The UK economy rebounded at a faster-than-expected pace in October with a strong contribution from the services activity, though economists and observers said the monthly figures mask the underlying recession. Later this week, the Bank of England is widely expected to shift the gear down on interest rate hikes.

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