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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

UK recession risk increases as economy shrinks in March

  • By Al Mayadeen English
  • Source: Agencies
  • 12 May 2022 15:46
2 Min Read

The British economy experienced a downfall in March due to a surge in prices, raising the threat of recession.

  • x
  • UK economy is faced with risks of recession.
    UK economy is faced with risks of a recession.

The British economy shrunk in March as a result of rising prices, raising the risk of the country entering recession.

The last positive output for the UK economy was in last January, before registering zero growth the following month and falling by 0.1 percent in March, according to official first-quarter figures released on Thursday.

It comes as the Bank of England (BoE) warned last week that the UK risks entering a recession, with inflation expected to reach 10% by the end of the year, a four-decade high.

Read next: Reckless US sanctions on Russia trigger global inflation - The Global Times

 

Consumer prices are rising around the world as countries emerge from pandemic lockdowns and in the aftermath of the Ukraine conflict, which is exacerbating already high energy costs.

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The British economy grew by 0.8 percent in January-March, the slowest quarterly growth in a year, according to the Office for National Statistics (ONS).

It compared with gross domestic product expansion of 1.3 percent in the fourth quarter of last year.

Risk of recession

"The risk of recession has just risen," said Paul Dales, chief UK economist at Capital Economics.

He noted that the GDP figures "suggest the economy had less momentum than we thought even before the full hit from the cost-of-living crisis has been felt".

Dales added that "strong price pressures will probably mean the BoE will raise interest rates further".

The central bank last week raised its main interest rate by a quarter-point to one percent to tackle runaway UK inflation.

Its key rate now stands at the highest level since the global financial crisis in 2009 after recording its fourth straight increase by BoE. 

The spike in rates increased costs for consumers and businesses, further impacting spending.

  • inflation
  • London
  • United Kingdom

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