Will There Be A Recession In 2024 Uk

Will There Be A Recession In 2024 Uk. Most economists said the economy would at least return to growth by the end of the year as inflation ebbs, with paul dales, at the consultancy capital economics,. 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 1.8% growth.

Official statistics published on thursday confirmed the uk economy slipped into a technical recession in the second half of last year. Despite continuing to expect the united kingdom to steer clear of a recession in 2023, gdp is projected to grow barely by 0.4 per cent this year and by 0.3 per cent in.