BoE governor warns weak growth and supply shocks could strain public finances
The Bank of England governor cautioned that sluggish growth combined with rapid supply shocks may deplete governments' fiscal buffers for future downturns.
Why it matters
It signals that fiscal capacity to help citizens during downturns may be weakening, affecting economic stability.
In this story
low growthsupply shockspublic financesfiscal cushioneconomic downturnBank of Englandfiscal resilience
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