Deutsche Bank downgrades Britain's economic growth forecast for 2024

[Deutsche Bank downgrades Britain's economic growth forecast for 2024]-Deutsche Bank recently released a research report, lowering Britain's economic growth forecast for 2024 to 0.4% from 0.8% before. and pointed out that Britain still has high inflationary pressures and the risk of recession. According to a Deutsche Bank research report, inflationary pressures in the UK remain high, with core inflation and food prices remaining high. Meanwhile, Deutsche Bank expects the Bank of England to continue to raise interest rates. Sanjay Raja, a senior economist at Deutsche Bank, said higher interest rates and persistent inflation could be a drag on Britain's economic growth over the next two years. He pointed out that some economic models may have exaggerated the resilience of the UK economy and that the current consensus on the outlook for the UK economy may be too optimistic. Deutsche Bank believes that the risk of recession in the UK is still high.