Uk Economy Recession 2024. The uk economy exited last year’s technical recession with faster than expected growth of 0.6 per cent for the first quarter of 2024, providing welcome economic news for rishi sunak ahead. Britain's economy grew slightly more strongly than expected in november but remains at risk of slipping into a mild recession, a potential blow for prime minister rishi.
Rising prices, stagnant incomes, and flatlining growth raising fears of recession: Following are graphics showing what is expected to happen to some of the key indicators of the economy this year.