London is the world's major center for international bank lending, derivatives markets, financial markets, global insurance, gold, silver, and base material trading through the London bullion trade and the Lme Exchange, and international debt securities issuance.
The UK is anticipated to undergo a recession in the third quarter of 2022 that might extend until the end of 2023. While the present slowdown may last for some time, the decline in activity is projected to be minor by historical standards. In our most current UK Financial Outlook, we analyze the UK country's economic potential as we begin a new year. We predict growth, inflation, interest rates, and unemployed. We also look at the big picture and the prognosis for government finances. Inflation is predicted to moderate gradually in 2023, but not before interest rates increase considerably and the housing market cools. Despite the lengthy recession, unemployment may stay low, supporting incomes significantly.