Budget 2023
Russia’s invasion of Ukraine, an increasingly volatile energy situation and contradictory fiscal indicators mean it’s little wonder forecasters are at a loss
Labour shortages abound, but real incomes are contracting. Business confidence is down, while companies’ capital investment is holding up. Central bankers are hitting the interest rate brake, despite feverish talk of global recession. Governments are hitting the fiscal accelerator, despite the risks of fuelling already high inflation.
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