Published On: Wed, May 18th, 2022

Will there be a recession in 2022? | Personal Finance | Finance

While GDP is the primary indicator of recession in a national economy, the process is also visible in other areas.

Under a recession, people may see real income, employment, wholesale-retail sales, and more, decline in tandem with GDP.

Figures currently show some of these featured in the UK’s economy during the first half of 2022.

In early May, economic experts suggested these could cause a recession in the second half of 2022.

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