Bank of England warns AI crash could hit UK recession
By The BriefBrief
Bank of England Governor Andrew Bailey warns an AI stock correction could reduce UK GDP.
WHO:Andrew Bailey, Bank of England
WHAT:Warned that an AI-related equity market correction could plunge the UK into recession
WHEN:Jul 7, 2026 at 8:19 AM ET
WHERE:United Kingdom
WHY:The risk of a sharp correction in equity markets remains high due to outsized bets on AI stocks, slower AI adoption than predicted, and uncertainty over long-run winners.
Reporting from 1 identified publisher for this event.
