Some of the world’s leading economic authorities have warned that central banks face the most challenging economic landscape for decades, the Financial Times reports. The paper says that, at a gathering in Wyoming, officials including the president of the World Bank said the global economy was entering a new era in which the usual policy tools would be ill-suited to tackling inflation.
Sources suggest the UK has moved past its technical recession with first-quarter growth surpassing that of the US and Eurozone, a positive development for Rishi Sunak.