Another leg lower? Markets not yet braced for recession: Mike Dolan
- Reasons for this year's 15-20% slide in benchmark stock indices are well documented - rising interest rates to rein in soaring post-pandemic inflation rates that have been exaggerated by a Ukraine-related energy and food price shock that has also pummelled household incomes and corporate margins.
A shopper carriers their purchases in Hamley's toy shop-branded carrier bags in London on May 12, 2022. - Britain's economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession. Official first-quarter data on Thursday showed that following solid output in January, the UK economy posted zero growth the following month and contracted by 0.1 percent in March. (Photo by JUSTIN TALLIS / AFP)