View of London from the south bank of the Thames. File photoMOSCOW, Jun 23Outgoing head of the Confederation of British Industries (CBI) Karan Bilimoria said that Britain is “definitely” heading towards a recession.
"Recession is the terror we face we will face, – quotes the Telegraph edition of the words of Bilimoria.
He believes that since the country is “definitely” heading towards a recession, the government should cut taxes. “It may be too late to avoid it (a recession), but if we act quickly, we can minimize its impact to a large extent,” the head of the CBI added. shortage of qualified personnel. In the forecast of the Swiss Institute of Economics KOF, published on Wednesday, it was indicated that the economies of the US and the eurozone could enter into a recession next year. The experts assumed that inflation in the eurozone and the United States would rise to unacceptable levels for the US Federal Reserve System (FRS) and the European Central Bank (ECB), and over the next winter central banks would oppose high inflation in the eurozone, which would lead to to a further rapid and significant increase in discount rates. Western countries have imposed sanctions against the Russian Federation because of Ukraine. In this regard, Russian President Vladimir Putin stated that the policy of containment and weakening of Russia is a long-term strategy of the West, and sanctions have dealt a serious blow to the entire global economy. ” />Russia begins the largest strike in Britain