The United kingdom recession will be pretty much as deep as that of Russia, economists predict

The United kingdom recession will be pretty much as deep as that of Russia, economists predict


Critical Points
  • In its 2023 macro outlook, Goldman Sachs forecast a 1.2% contraction in the U.K. real GDP about the system of this calendar year, very well below all other G-10 (Group of 10) main economies.
  • This would be followed by a .9% enlargement in 2024.
  • The figure destinations Britain only fractionally forward of Russia, which is projected to see a 1.3% contraction in 2023 as it wages war in Ukraine and weathers punitive Western financial sanctions.



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