2024 Recession Uk. 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. The latest official figures suggest the uk's economy stalled and then slipped into reverse over the summer, raising the risk that it edged into recession at the end of 2023.

The boe this month upgraded its forecast for 2024 growth, which it now says will be 0.25 per cent — up from its previous prediction of zero growth. Economists see less pressure on households in 2024