Bank of England’s ‘shock’ recession warning could spook investors

By Daniel Gayne2022-08-05T15:25:00

Source: Shutterstock

Some construction sectors could fare much worse than others, say analysts

Investors in new construction could tighten the purse strings after the Bank of England’s “shock” recession forecast which dented confidence in the sector.

The bank yesterday announced it would raise interest rates to curb inflation and forecast the economy to shrink in the last three months of the year, with the predicted recession expected to last as long as 15 months.

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