Part 7/9:
This struggle is not unique to the UK. Similar patterns have emerged globally, with countries like Germany and Canada experiencing analogous economic stagnation. The notion that lowered interest rates could seamlessly revitalize economies has started to unravel.
Germany's own central bank has echoed the Bank of England's findings, indicating prolonged stagnation and elevated inflation levels amidst ongoing manufacturing weakness. This parallel only serves to accentuate the conclusion that the economic narrative of mere slowdowns followed by recoveries is fundamentally flawed.