The News Craving
Published by
City AM
City AM
By Jack Barnett The UK economy is falling further behind its international rivals and experts have warned the risk of a recession striking soon is gathering pace. A closely watched survey by economists has revealed Britain’s services industry, which generates about £2 in every £3 in the country, is shrinking at the fastest pace in two years. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) flash purchasing managers’ index (PMI) fell quicker than forecast to 48 points this month from 49.9 in December. City traders expected the survey to come in at 49.5. S&P Global and t…