Is a Recession Coming in the United Kingdom?


With rising inflation and the cost of living crisis in the UK, there has been much talk in recent months of an impending recession in the UK. Some experts believe that the country is already in a recession, albeit mildly, while others are predicting 2023 is the year a recession will hit the UK.



Others are saying that although it may look like the UK is in a recession, there are certain industries bucking the trend. It’s hard to decipher whether a recession is looming, particularly when the economy records a growth of 0.5% in May this year. Whilst this may be a small growth, it is an upward trend that many experts hadn’t predicted.


On the reverse side of the coin, GDP in the UK dropped by 0.3% in April as the cost of living crisis started to really bite. So, is there going to be a recession in the UK?

Location: United Kingdom

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