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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