The economic outlook for the rest of 2023 is increasingly pessimistic. Mortgage costs are set to rise further and dent sentiment.
The Bank of England has hiked rates to 5%, and inflation is killing discretionary spending. All we need is a deterioration in the jobs market, and the UK is in a recession.
This, however, should be seen as an opportunity for long-term investors. The possible downside in equities will present prices only available every few years. These two companies have consistently bounced back from sell-offs and provided investors with handsome returns.
We look at two FTSE 100 ...
