Why the UK should avoid recession despite high interest rates

In this webcast, panellists discuss the various economic head and tail winds, and explore what they mean for the UK’s outlook. Watch now.

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.