Are We In A Recession 2024 Uk

Are We In A Recession 2024 Uk. The british economy emerged from a recession at the start of this year, growing faster than economists expected, data published on friday showed. People spending less, doctors' strikes and a fall in school attendance dragged the uk into recession at the end of last year, official figures show.

The uk economy is expected to grow every year until the end of 2026 but will continue to lack momentum. Ft’s annual survey predicts a continuing cost of living squeeze and soaring borrowing costs in 2023.