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

After second successive quarterly decline

Michael C., Public domain, via Wikimedia Commons

By Ben Zeisloft

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.

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