The UK economy is struggling with stagnation, and forecasts suggest it will experience low growth of just 0.75% this year. The Bank of England has considered a significant interest rate cut, yet inflation is projected to rise sharply due to increased gas prices. Concerns over external factors, particularly related to President Trump's trade policies, add further uncertainty. Although a recession is narrowly avoided, the combination of zero growth and rising prices fits the definition of stagflation, creating a challenging environment for investments and economic recovery.
The UK economy is facing stagnant growth, with forecasts predicting a challenging year due to rising inflation and uncertainty surrounding trade policies.
Inflation is expected to rise sharply into autumn, driven by escalating gas prices as the economy narrowly avoids a technical recession.
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