UK economy heading for a rocky year-end

Different focus: People walking past the Bank of England in London. The central bank’s officials expect the country’s economy to grow just 0.1% in the third quarter. — AP

LONDON: The UK economy is heading for a rocky final quarter of 2023 after a string of indicators last week prompted the Bank of England (BoE) to halt its quickest monetary tightening in three decades.

Recession warnings are flashing, with a survey of purchasing managers pointing toward a contraction and potential jump in unemployment.