Topics
Economic Slowdown
An economic slowdown is a period of slower economic growth, typically characterised by a decrease in the rate of growth of real gross domestic product (GDP). An economic slowdown can be caused by a variety of factors, including declining consumer and business confidence, rising unemployment, and slowing global trade.
An economic slowdown is often distinguished from a recession, which is a more severe downturn in economic activity, characterised by negative growth in real GDP. However, a prolonged economic slowdown can sometimes lead to a recession.
Policy makers may use a variety of tools, such as monetary policy (e.g., interest rate cuts) and fiscal policy (e.g., government spending), to try to stimulate economic growth during a slowdown.
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Economic Update - Developments in the UK Economy (Feb 2023)
8th February 2023
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BoE raises interest rates to 4% - the highest for 14 years
3rd February 2023
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Global recession warning from the World Bank
11th January 2023