2024 Recession Uk. The office for national statistics (ons) said the economy grew 0.1% across 2023 compared with 2022. The latest official figures suggest the uk's economy stalled and then slipped into reverse over the summer, raising the risk that it edged into recession at the end of 2023.
Inflation and higher interest rates weighed in 2023; The boe forecasts output will pick up slightly in 2024 but only to 0.25% growth.
