UK economy will enter recession in Q4 but will be relatively mild – Goldman Sachs

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UK economy will enter recession in Q4 but will be relatively mild – Goldman Sachs

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    Analysts at Goldman Sachs predict a recession for the UK in the fourth quarter of this year, backing the Bank of England’s (BOE) projections.

    “Believe the UK economy will experience a recession in Q4.”

    Goldman Sachs “lowers its 2022 GDP forecast from 3.7% to 3.5%.”

    Goldman Sachs ‘lowers its 2023 GDP from 1.1% to 0.6%.”

    “The UK recession is to be relatively mild.”

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