Uk Recession 2024 Predictions. For example, the pickup in the indicators of. Uk interest rates are likely to settle at just above 4% over the longer term as deglobalization and the end of china’s.

The bcc expects the uk economy to remain in recession for five quarters before an anaemic recovery in 2024, but inflation has likely peaked at 11%. Most recent indicators of economic activity suggest that the uk will probably exit recession in the first quarter of 2024.