Recession 2024 Uk. The uk is in recession if it fails to grow for two successive quarters. 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.

Gross domestic product increased 0.6 percent in. Currently, the uk is struggling with high inflation and sluggish economic growth, but unemployment is currently low at 3.8%.