The Latest Breaking News from Recession

While the better-than-expected GDP growth in the last quarter and declining inflationary pressures are raising optimism, macro uncertainties remain. With interest rate hikes expected to continue, recession possibilities cannot be ruled out. Therefore, fundamentally sound dividend-paying stocks, AbbVie (ABBV), Gilead Sciences (GILD), and Sisecam Resources (SIRE), could be worth investing…

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.

We can avoid a recession if companies invest wisely in their future; our mood will be the crucial determinant.

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.

Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%.

It means mortgages and other debt will become more expensive for millions of people

Central bank says the UK is still headed for a recession, but it could be shallower and shorter than previously expected

Monetary Policy Committee says inflation may have peaked in the UK

If anything, the focus has intensified.