2022 has been quite the year, from a global energy price shock, political turmoil and a rising cost-of-living crisis, each factor has contributed to the most widely anticipated recession in the UK in living memory. As the new year progresses, the EY ITEM Club expects more of the same, with early signs of the economy shrinking over the first half of the year. Despite the early gloom, there could still be light at the end of the tunnel.
Key takeaways include:
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