Will There Be A Recession In 2024 Uk

Will There Be A Recession In 2024 Uk. Most recent indicators of economic activity suggest that the uk will probably exit recession in the first quarter of 2024. The uk will face one of the worst recessions and weakest recoveries in the g7 in the coming year, as households pay a heavy price for the government’s policy failings, economists say.

Official statistics published on thursday confirmed the uk economy slipped into a technical recession in the second half of last year. The independent office for budget responsibility (obr) expects the uk economy to grow by 0.7% in 2024, but that is less than half of its earlier prediction of.