17 October 2022 | Other

Goldman Sachs predicts aggravating UK recession in 2023

As an updated analysis by Goldman Sachs says, Great Britain is likely to enter a deeper recession next year. Inflation, along with interest rates, would be below market expectations. 

The U.S. largest investment bank lowered its forecast for the United Kingdom, based on the analysis released Sunday. The country's economy will contract by 1% in 2023, despite previous estimates of 0.4%.

As voiced by a recent analysis: “Given the reduced growth rate, tighter financial conditions and a corporate tax increase (starting next April), we have lowered our expectations, thereby forecasting higher recession risks."

Goldman Sachs experts noted interest rates to hit the peak of 4.75%. These indicators are below the earlier outlook of 5%.

Deloitte's accountants also conducted their own survey, showing that British companies expect rising interest rates to make it more difficult to overcome the sales downturn and economic recession in 2023.

Company MarketCheese
Period: 14.08.2026 Expectation: 700 pips
Selling AUDUSD down to 0.68700
Today at 11:39 AM 6
Period: 21.07.2026 Expectation: 3000 pips
BTCUSD sell-off targets $59,700 amid continued bearish attacks
Today at 10:39 AM 8
Period: 28.07.2026 Expectation: 4200 pips
Buying Tesla stock on strong operational results and optimistic earnings expectations
Today at 09:17 AM 11
Period: 31.07.2026 Expectation: 1000 pips
Go short on SPX if hot inflation finds confirmation
Today at 09:08 AM 15
Brent sell
Period: 21.07.2026 Expectation: 600 pips
Sell Brent crude with $78 target as post-rally correction looms
Today at 05:49 AM 10
Period: 31.07.2026 Expectation: 180 pips
Go short on ​​USDCAD with 1.41395 in sight
Today at 04:58 AM 6
Go to forecasts