- UK economy will enter recession in Q4 but will be relatively mild – Goldman Sachs
Market news
29 August 2022
UK economy will enter recession in Q4 but will be relatively mild – Goldman Sachs
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.
Key quotes
“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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