Economic growth in the United Kingdom depends on the strength of the labor force. But Brexit, demographic declines, and long-term health issues threaten that strength.
Many forecasters have been predicting a large economic contraction for Germany in 2023 due to the spike in energy prices, but the economy has been surprisingly resilient until now.
6 minutes
The BoE’s Renewed “Optimism” About the Economic Outlook
Even though the British economy is in a downturn, the labor market might hold up better this time than during the typical recession, especially since there is still a shortage of blue-collar jobs due to Brexit.