Accountants tell clients to not “panic” despite predictions of an “unavoidable” recession

Posted on August 22, 2022Categories Accounting Firms, ICAEW, Recession

Accountants across the UK are urging clients not to “panic”, despite new data from the Office for National Statistics reinforcing the threat of an impending recession. On August 12, the ONS announced a 0.1% drop in quarterly GDP figures, cementing fears of an impending recession later this year. The Institute of Chartered Accountants in England and Wales (ICAEW) has predicted that a winter recession is “unavoidable”, but accountants are aware there is a risk of the sector talking itself into … Continue reading “Accountants tell clients to not “panic” despite predictions of an “unavoidable” recession”