Bank of England Cautions UK on Continued Risks in Global Financial System

Friday, 29 March 2024, 08:18

The Bank of England has revised its assessment, indicating that the economic recession in the UK last year was slightly less severe than previously estimated. Despite the improved outlook, the UK still confronts increasing vulnerabilities from global financial system weaknesses and escalating political tensions.

Bank of England Revises Recession Figures

The Bank of England has revised its economic data, revealing that the UK recession in 2020 was slightly milder than initially projected.

Global Financial Risks and Political Tensions

The UK still faces growing risks from weaknesses in the global financial system and rising political tensions, according to the Bank of England.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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