Recession 2024 Uk. The uk has emerged from recession with its fastest economic growth in almost three years, as gdp increased by 0.6% in the first quarter of the year. The national institute of economic and social research (niesr) assigns a 60% probability to a recession in the uk by the end of 2024, while the institute for fiscal.
Official statistics published on thursday confirmed the uk economy slipped into a technical recession in the second half of last year. Currently, the uk is struggling with high inflation and sluggish economic growth, but unemployment is currently low at 3.8%.