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Britain faces a deep freeze in living standards
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Britain faces a deep freeze in living standards

The UK economy was in a fragile state. Then came a global pandemic.

Aziz Sunderji's avatar
Aziz Sunderji
Mar 06, 2023
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Home Economics
Home Economics
Britain faces a deep freeze in living standards
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All major advanced economies are expected to slow in 2023. Higher interest rates, shrinking excess savings, and inflation will take a toll. But, according to IMF forecasts, only one economy—the United Kingdom’s—is expected to contract.

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