Recession to be worse than previously thought, experts say

Experts say downturn will not necessarily last longer than previous forecasts

Emily Atkinson
Monday 23 January 2023 06:30 GMT
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The recession expected to hit the UK could be twice as bad as previously thought, economists warn.

Soaring household bills, slow growth, and forecasts of a protracted economic downturn have taken their toll on the millions of Britons struggling against the tough economic environment – thought to be the worst in recent memory.

Faced with a worsening situation, less government support and higher taxes, early signs of possible recovery last week look increasingly distant, with economists at consultancy firm EY saying they thought each of the next three years could be worse than they had expected in the past.

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