ANALYSIS: Is London Hiding a Regional UK Recession?

Barclays' building in Canary Wharf is seen behind a City of London sign outside Billingsgate Market in London on Aug. 8, 2018. Hannah McKay/Reuters

While the prospect of a UK recession is looming once again with the recent hike in interest rates, it appears the country has managed to sidestep it so far.

But is London’s outsized finance-driven economy masking the fact that some British regions have actually been in a recession?