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Evening Standard

Business

Mark Banham

Two thirds of finance heads braced for recession next year

Deloitte Recession Inflation United Kingdom

CFOs are predicting a downward economic trend next year
(Picture: Getty Images)

Almost two thirds (63%) of finance leaders are expecting a recession next year as the economy is battered by rising inflation and intensifying economic headwinds.

According to the latest UK CFO survey from business consultants Deloitte more than two-thirds of those surveyed (68%) believe high inflation will continue, anticipating it to remain higher for longer, and to exceed economists’ expectations.

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