Is U.K. PMI Data Signaling a Recession?

The video discusses the UK composite PMI and its potential impact on GDP, predicting a mild recession driven by declines in business investment. It highlights concerns about consumer spending due to an anticipated inflation shock. The Bank of England's response, including potential interest rate cuts, is examined, along with the limited impact of Brexit on the Eurozone. The video concludes with a discussion on inflation pressures and the cautious approach of the Bank of England.

What are the potential consequences of the Bank of England's interest rate decisions in response to economic conditions?

In what ways has the Brexit vote affected the UK economy and its implications for the eurozone?