UK Economy Falters With Forecast of Weak Growth in 2023 Before Modest Rebound
- UK may have entered technical recession at end of 2022 with two quarters of negative GDP growth
- Top forecasters have cut 2023 UK growth forecasts to just 0.3%
- But outlook for 2024 is more positive with growth forecasts raised to 0.9%
- Top 20 hedge funds made record profits of $67bn in 2022
- UK firms in 'critical financial distress' rose 25% in Q4 2022 to over 47,000