The Economic Times

Is UK economy on the brink of recession? Growth slows, job market faces biggest hit since pandemic as Iran tensions and energy costs weigh

UK economy recession warning: Britain's economy is nearing a recession. New forecasts predict difficult times for workers and businesses. Rising energy prices and supply chain issues add to the strain. Unemployment is expected to rise significantly. Inflation may climb above the Bank of England's target. The economy shows some early resilience but faces future challenges.