British News Outlets Are Reporting Their Country Is In A Recession. American Media Refused To Do The Same.

British News Outlets Are Reporting Their Country Is In A Recession. American Media Refused To Do The Same.


After the Bank of England announced that it expects the economy of Britain to shrink in the third quarter of 2022, news outlets reported that the country is in a recession — although several American media outlets refused to do the same upon similar news in the United States.

Although the central bank had formerly expected economic output to grow by 0.4% during the third quarter, lower manufacturing and construction output compelled policymakers to downgrade forecasts to a 0.1% contraction — marking the “second successive quarterly decline,” according to minutes from a Wednesday meeting. Officials nevertheless hiked interest rate targets in order to quell high inflation.

British media outlets interpreted the Bank of England’s commentary using the rule-of-thumb definition of a recession — two consecutive quarters of

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