Are We In A Recession 2024 Uk. The uk economy is expected to grow every year until the end of 2026 but will continue to lack momentum. The uk economy is approaching a soft landing, with a recovery in growth expected in 2024, strengthening in 2025.

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 shrank by 0.3% between october and december.