Some cheery, pre-Christmas news, lost in the myriad of other happy, seasonal stuff. According to the Office for National Statistics, our economy has continued to shrink and if this shrinking continues, we’ll be officially recessed. All very necessary for control of the demon inflation, and only a problem, certainly in J Hunt and others’ minds, I’m sure, if voters start hurting before they vote. My guess (and bear in mind I’m useless at prediction) is that we’ll be saved by a teensy-teensy cut in interest rates in the nick of time. And, of course, our ability to Reconnect to the Rest of the World. Sorry, but I really haven’t mentioned it for ages, have I?
“US labour market continues to show resilience with 303,000 jobs added in March”
Good news is not, of course, always good news. The US economy is doing well, higher interest rates haven’t led to unemployment and more jobs are being created rather than lost.
