Will there be a recession outside Europe in 12 months?
“Our economists view the risk of a recession outside Europe in the next 12 months as relatively low,” analysts including Sabine Schels, Jeffrey Currie and Damien Courvalin wrote in a note.
Is the UK heading for more than a year of recession?
This month, the Bank of England made its biggest interest-rate rise in 27 years and said that the UK is heading for more than a year of recession under the weight of inflation.
What will happen to the UK’s GDP in 2023?
The UK’s gross domestic product is expected to fall about 1 per cent through until the middle of 2023, Goldman said in a research note on Monday. Annual output next year will be likely to shrink by 0.6 per cent, a sharp turnaround from Goldman’s previous estimate of a 1.1 per cent expansion.