UK Faces Gloomy Economic Outlook as Inflation Rises and Recession Looms
- Inflation rose to 4% in December, higher than expected
- The UK economy may have shrunk in Q4 2022, entering a technical recession
- January inflation figures coming on February 14 may also disappoint
- Economists predicted a blip up in inflation for January
- Outlook for UK's economic prospects in 2023 is now more uncertain