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Tag: technical recession

U.K. economy would no longer enter a technical recession in 2023: Jeremy Hunt

Posted on March 15, 2023March 15, 2023

Finance Minister Jeremy Hunt said that the U.K. economy would no longer enter a technical recession in 2023, as was previously anticipated. The updated outlook was based on new forecasts from the independent Office for Budget Responsibility (OBR), Hunt said. A technical recession is a term used to describe a situation where an economy experiences…

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