Bloomberg's Economists: A 6% UK Rate = 2% Drop in GDP

Bloomberg Daybreak: Europe Edition
20/06/2023 16 min
Bloomberg's Economists: A 6% UK Rate = 2% Drop in GDP

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Episode Synopsis

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) A 6% Bank of England policy rate would lead to a 2% drop in UK GDP, according to Bloomberg Economics. (2) An ECB policymaker says rate hikes could end this year. (3) Research by the Institute for Public Policy Research suggests the UK is suffering from a £560 billion investment gap. (4) The US and China agree to keep talking after Blinken's trip to Beijing. See omnystudio.com/listener for privacy information.

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