ilmscore | Prediction Details
"by the time 2023 came around sustaining that of spending in the United Kingdom became even more tough because now you have the cumulative effect of the high inflation and that's where you saw more Banks having to write off these bad loans these bad consumer debts because people weren't able to pay off their debts and that was about the time where it was declared that the United Kingdom is in a recession"
By Minority Mindset | March 20, 2024 | Pending
From video
The White House JUST ADMITTED They Were Wrong About Inflation 00:22:55 - 00:23:13
Interpreted Prediction
By 2023, the cumulative effect of high inflation made spending difficult in the UK, leading to increased bad loan write-offs by banks due to inability to pay debts, and it was declared the UK was in a recession around that time.

Prediction Details

Topic
United Kingdom Recession

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