Soaring inflation took over as the big threat to the economy this year, with experts predicting a prolonged recession that will dominate 2023.
Cost crisis wrought havoc in 2022, but 2023 set to be ‘year of recession’
Related Insights:
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- UK economy shrank by 0.1% in March as cost of living crisis bites – business live
- UK inflation ‘eases slightly’ to 10.7%; but Hunt warns ‘wrong choices’ would prolong the pain – business live
- Pound tumbles to two-year low as stagflation fears rise – business live
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