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Britain to suffer the deepest recession

Britain to suffer the deepest recession | 23 December 2022

23 December 2022, GBP/USD

Britain to suffer the deepest recession

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Britain's economy contracted more than first thought in the third quarter of this year, putting it bottom among the Group of Seven major advanced nations ahead of what is shaping up to be a dismal 2023, fresh data showed. Economic output fell by 0.3% in quarterly terms compared with a previous estimate of -0.2%, the Office for National Statistics said. Britain to suffer the deepest recession among major advanced economies in 2023, due to the severity of the headwinds from both monetary and fiscal policy.

Investment idea: range 1.2015 - 1.2115.

David Johnson
Analyst of «FreshForex» company
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