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Evening Standard

Business

Mark Banham

PwC slashes UK growth forecast as Deutsche Bank warns of recession risk

PwC Deutsche Bank United Kingdom

UK Chancellor Rishi Sunak
(Picture: HM Treasury)

UK growth forecasts were slashed today amid a warning that Britain could be heading for recession.

PricewaterhouseCoopers (PwC) said UK economic growth is now expected to drop to 3.8% this year, revised down from 4.5% projected before the Russian invasion of Ukraine.

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