Financial advice crucial as near-term challenges remain

Recession has been a hot topic across financial services of late. The latest data from the Office for National Statistics found that gross domestic product (GDP) dropped by 0.3% in the final quarter of 2023, the second straight quarter of GDP declines and, therefore, bringing the dreaded 'R word' back into the conversation. In truth, this does not feel like recessions of the past. Indeed, analysts have been at pains to point out that this is a technical recession, simply the result of two straight quarters of negative growth, rather than the onset of more long-lasting falls in growth...