How deep and long-lasting a UK recession might prove to be

In this webcast, our speakers preview the latest EY ITEM Club Winter Forecast and share the impact of high energy costs, and what businesses and consumers can expect in 2023.

The UK economy is likely already in a recession, which has been widely anticipated by many. With 2022 delivering a global energy price shock, inflation at a four-decade high and the sharpest tightening in monetary policy since 1989, a sustained fall in GDP looks almost inevitable. The question then turns to, how deep and long-lasting a UK recession might prove to be?

Register to watch our latest webcast, where Peter Arnold, EY UK Chief Economist and Martin Beck, Chief Economic Advisor to EY ITEM Club, share a preview of our latest EY ITEM Club winter forecast report.

They will be joined by EY-Parthenon Partner, Turnaround and Restructuring Strategy, Claire Gambles, who will share her insights on the impact of high energy costs, particularly for energy-intensive manufacturers, and what businesses and consumers might expect from 2023. 

Topics discussed include:

• The EY ITEM Club’s winter forecast and implications for the UK’s economic recovery.
  
  
• An exploration of questions around entering recession in 2023 and how this will affect you.
  
  
• The headwinds which continue to confront the economy, but also the silver linings, including the prospect of a swift fall in inflation, which could lift economic activity out of its current malaise.

More information on the full forecast is available here.