Brits told to brace for recession

Goldman Sachs sharply cuts UK growth forecasts

Goldman Sachs economists expect a recession in the UK to begin later in the year, as record-high inflation hitting household incomes is dragging consumption down.

Strategists expect Britain's economic decline to begin in the fourth quarter of the current year, and project the nation's GDP to contract by 0.6% in 2023, a sharp turnaround from the