Central banks launch most widespread rate rises for over two decades

Jennifer McKeown, chief global economist at Capital Economics, now expects higher rates to “push most advanced economies into recession in the months ahead”.

Chief Global Economist Jennifer McKeown talks to Bloomberg's Tom Keene and Lisa Abramowicz about the economic and policy outlook for the UK, the euro-zone and China (starts 21:26).

The closely watched purchasing managers’ index polls for July reported falling orders and a drop in backlogs. That was, according to Jennifer McKeown, of Capital Economics, “further evidence that...