Seeing as it’s highly likely in the near future and life is already tight as fuck right now.. what exactly IS a recession? What does it mean for the average citizen like me? (UK). I’ve only ever heard it spoken about in very bad way and the last one happened when I was too young to worry.. but now, I’m kinda shitting it.
TIA
In: 6
The last recession in the UK was in 2020 and it was quite big. The UK’s GDP shrank by around 14%. You may have no been paying attention due to the whole pandemic thing.
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