The gilt yield curve is now the most inverted it has been in 23 years. That’s consistent with our view that a recession is just around the corner. Indeed, we think it’s only a matter of time before higher rates weaken real activity and that a recession will start in the second half of this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services