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UK slips into technical recession; trade & FTA negotiations at risk

22 Feb '24
6 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • UK enters technical recession amid global economic challenges, impacting trade negotiations and imports.
  • Factors include Russia-Ukraine war, high inflation, and labour market weaknesses.
  • Recession signals potential trade disruptions.
  • Close GDP-trade relationship evident; UK-India FTA may face delay.
  • India's resilience contrasts with UK's downturn.

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