Cartoon: World recession headed by British pound

Emma Yin, Staff Writer • October 9, 2022

The British pound has historically been known as one of the most stable and reliable currencies in the world. Recently, it has dropped to a historical low of £1 to $1.033, recovering to $1.14 since. This drop can be attributed to new tax cuts across Parliament and Britain’s current economic recession. This recession is also linear to the trends in world currency reserves, which have declined by $1 trillion. In addition, according to the June 2022 edition of the Global Economic Prospects report, world growth is predicted to slow from 5.7% last year to 2.9% now. (Emma Yin)

About the Contributor

Emma Yin, Staff Writer

Emma Yin is a senior at Carlmont High School. This is her third year in the journalism program and currently serves as a staff writer and cartoonist. She is interested in art and dabbling in global news. You can find her drawing on her iPad, playing badminton and music, and hunting for a new boba shop. Follow her on Instagram @em.24.ma

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