Why the U.K.’s high inflation has global implications
Goldman Sachs Exchanges
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The Risk of Recession in the UK Economy
Yari George: With all of these pressures on the UK economy, what's the chance that it actually could fall into recession this year or into 2024? Yeah, I mean, base case for us is that the UK can avoid a recession. But we're talking about pretty low growth. We have barely positive growth in the second half, then growth picks up a little bit in 2024. And so we do think the risk of recession remains. We have put a probability of about 40% on this over the next year,. which is about twice as high as it is in the US.
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