Why the UK should avoid recession despite high interest rates

The latest EY ITEM Club Autumn Forecast indicates reasons for optimism – inflation is falling, wages have started to grow again in real terms and borrowing costs look to have peaked at a much lower level than many had feared.

Register to watch the on-demand webcast, where our speakers provide a comprehensive overview of the EY ITEM Club Autumn Forecast 2023, examine the various head and tail winds, and explore what they mean for the UK’s economic outlook.

This 60-minute on-demand webcast will explore: 

• How the economy will enter the autumn following a mixed bag of developments within the financial markets since our last forecast three months ago.
• The revisions to past estimates of GDP, which have radically improved and now challenge the previous narrative of the UK economy failing to return to its pre-COVID-19 size.
• The factors that have led to minimal signs of economic growth and the uncertainty of future fiscal plans as we head towards the end of 2023.
• How interest rate rises – and the weakening of the jobs market – may impact optimism for the future outlook.

For more information, read the full forecast here.