Recession 2024 Uk. The uk exited recession after the economy grew over the first three months of 2024, following a contraction over the second half of 2023. The combination of high inflation, falling real wages and a sharp rise in mortgage rates could belatedly push the uk economy into recession by the election.


Recession 2024 Uk

Economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed friday, beating expectations. The united kingdom slipped into a technical recession in the second half of last year after its economy registered two consecutive quarters of negative economic.

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