Britain is entering another recession

Britain is entering its third recession in four years reports Reuters. It reported that manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January

Gross domestic product fell at the end of last year, bringing Britain within sight of another recession and the latest data suggested the central bank may need to do yet more to revive the economy.


The pound sank to its lowest level against the dollar in more than 2-1/2 years, while prices of British government bonds - which the Bank of England could resume buying - rose after the releases.

Meanwhile Klaus Schwab, the founder of the World Economic Forum says “the world has not yet escaped the risk of a collapse in the global economy”. He predicts a collapse in world economy “if very negative constellations occur”