UK to suffer more than most this year — FT ...News

Consumers reportedly face a “tough,” “grim” and “miserable” economic outlook Britain faces one of the worst recessions among the world’s leading industrialized nations this year, the Financial Times has reported, citing economists. In an annual poll of 101 leading UK-based economists, the majority told the outlet that the fallout from spiralling inflation, triggered by the pandemic and the Ukraine conflict, will persist for longer in the UK than in other G7 nations, and the country’s recovery will be one of the weakest. GDP will shrink for most of 2023, the government will have to run a tight fiscal policy, and th

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