The Guardian Australia – Business
·business
·3 hours ago
Lloyds reports £151 million loss and forecasts UK unemployment rise to 5.6%
Lloyds announced a £151 million loss due to the Iran conflict on Wednesday while forecasting UK unemployment to rise to 5.6% this year. The bank's GDP growth estimate fell to 0.5%, below the IMF's 0.8% prediction. CFO William Chalmers noted the economic slowdown reflects stagflationary pressures from the ongoing geopolitical tensions.
Summary by Glance · The Guardian Australia – Business
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