Goldman’s macroeconomic forecast for 2023 suggests that the UK recession will be close to that of sanctioned Russia

Goldman Sachs economists recently predicted that by 2023, the UK’s economic recession could be as severe as Russia’s. In its macro outlook for this year, Goldman cited the impact of the sharp decline in UK household living standards on activity. According to the leading U.S. bank, there could be a 1.2 percent contraction in U.K. […]