The governor’s statement comes at a time when the UK chancellor Jeremy Hunt has acknowledged that the country is in recession. In the US, corporates are on a massive layoff drive as fears of recession loom. The European Central Bank also said that a recession in the 19 countries that use the euro has become more likely.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7tcT3vj
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