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We recently published a piece on the U.K. economy in which we discuss the outlook for economic growth and inflation and what it could mean for the labor market and blue- vs. white-collar occupations.
In this follow-up post, we will dig a little deeper into the Bank of England (BoE) economic forecast, whether it is plausible or not, and what it will mean for hiring.
While a U.K. recession is highly likely, there is a lot of uncertainty on how deep and prolonged the economic downturn will be.
The chart below plots the relationship between economic growth and unemployment
