The impact of spiking interest rates after more than 10 years of 0% is hitting.
The global business landscape is under strain, with the UK signaling a potential worldwide recession. A new survey reveals the UK experienced its fastest employment drop since the 2009 financial crisis. The PMI’s decline, a result of weakening demand and rising borrowing costs, echoes broader economic concerns. Experts are drawing alarming comparisons to the 2009 global downturn, raising fears of a worldwide economic contraction.
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