It does rather feel like it given the way the UK economy is going. The latest official figures - for March Leonard Cohen album-level grim. They showed a 0.1 per cent contraction against the flat zero the City had expected. There is probably worse to come. This economic frost is going to bite hard. The stock market doesn't always react to this sort of release, partly because the FTSE 100 is a very international market, especially at the top end.
But it did this the time, with the figure serving as another pointer to a potential global slowdown - as if there weren't enough already out there. Investors were already rattled by the worse than expected core inflation numbers in the US, so dealing screens were dominated by red pixels. These figures are, it is worth pointing out, subject to revision.
Bu hikaye The Independent dergisinin May 13, 2022 sayısından alınmıştır.
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Bu hikaye The Independent dergisinin May 13, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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