Leading economic analysts at the business firm EY believe that the impending recession in the UK may be twice as terrible as previously thought.

The gross domestic product (GDP) was expected to decline by 0.3% this year

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GDP supposed to be grow by 2.4% the following year, and then rise by 2.3% in 2025, according to EY’s Item Club forecast

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GDP would contract by 0.7% this year before expanding by 1.9% and 2.2% in the next two years.

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Recent GDP data revealed an unexpected 0.1% growth in November, giving some experts hope that the fourth quarter may improve.

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