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Bank of England Gov. Andrew Bailey said Tuesday that the U.K.’s economic recession that was confirmed last week is modest by historical standards and is probably over. Bank of England governor Andrew Bailey suggested yesterday that the UK's 'very small' recession may already be over – and hinted at interest rate cuts over the summer. 22 de sept. de 2025 Experts at the Bank of England (BoE) have said that the UK economy is already in recession after gross domestic product (GDP) shrank for the second straight The Bank of England has warned that the UK is heading towards its longest-ever recession, as it increased its base interest rate by 0.75% to a 14-year high of 3%. The Britain is heading for its longest recession in modern history with no recovery until summer 2025 the Bank of England warned on Thursday. The bleak forecast from Bank The warning comes as the Bank raises interest rates to 2.25% - the highest level for 14 years. There are distinct signs of an upturn in the UK economy - despite the country tipping into recession late last year, the governor of the Bank of England has said. The UK recession may already be over and there are now distinct signs of an upturn, the Bank of England's governor has said. By historical standards this is the

UK May Already Be Out of Recession, Says Bank of England

Is the UK economy already showing signs of recovery? While the Bank of England has previously warned that Britain is heading for its longest recession in modern history with no recovery until summer 2025, recent statements suggest a more optimistic outlook. This article explores the latest assessments from the Bank of England and analyzes whether the UK recession may already be over.

Bank of England Governor Hints at Economic Upturn

Bank of England Gov. Andrew Bailey said Tuesday that the U.K.’s economic recession that was confirmed last week is modest by historical standards and is probably over. Indeed, the UK recession may already be over and there are now distinct signs of an upturn, the Bank of England's governor has said. By historical standards this is the... less dramatic downturn some initially feared.

Bank of England governor Andrew Bailey suggested yesterday that the UK's 'very small' recession may already be over – and hinted at interest rate cuts over the summer, fueling speculation about potential policy shifts designed to further stimulate growth.

Past Forecasts and Current Realities

It's crucial to remember the context of these new pronouncements. The Bank of England has previously warned that the UK is heading towards its longest-ever recession, as it increased its base interest rate by 0.75% to a 14-year high of 3%. This warning came as the Bank raises interest rates to 2.25% - the highest level for 14 years.

Experts' Views on the UK Economy

While the Bank of England's outlook seems to be improving, earlier assessments indicated a bleaker picture. 22 de sept. de 2025 Experts at the Bank of England (BoE) have said that the UK economy is already in recession after gross domestic product (GDP) shrank for the second straight quarter.

What This Means for the Future

The possibility that the UK's 'very small' recession might be ending brings hope, but ongoing economic volatility necessitates careful monitoring. The existence of distinct signs of an upturn in the UK economy - despite the country tipping into recession late last year, the governor of the Bank of England has said - points towards positive progress.

Whether the UK is truly out of the woods remains to be seen. However, the Bank of England's changing narrative suggests a shift in perspective and possibly, a more favorable economic trajectory for the United Kingdom.

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