Economist warns of 1970s-style recession

The video discusses the current economic situation, highlighting a shift from a 45 billion budget giveaway to a 50 billion cut, impacting middle earners. It predicts a recession lasting from six months to two years, drawing comparisons to economic conditions in the 1970s and potentially the 1930s, though not reaching depression levels.

What was the financial change mentioned in the mini-budget?

• A giveaway of 45 billion

• A cut of 50 billion

• A reduction of 45 billion

• An increase of 50 billion

Who is most affected by the economic changes discussed?

• Low earners

• Middle earners

• High earners

• Business owners

How long does the Bank of England predict the recession might last?

• 2 years

• 6 months

• 12 months

• 3 years

Which decade is the current economic situation compared to?

• 1950s

• 1940s

• 1930s

• 1920s

What is the general outlook on the current economic situation?

• Optimistic

• Neutral

• Uncertain

• Pessimistic