| UK slips into technical recession; trade & FTA negotiations at risk
22 Feb 24 6 min read
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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