Are We In A Recession 2024 Uk Government. The central bank had previously expected the. Initial figures showed gdp shrank by 0.3% in the last quarter of the year,.

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. The bank of england has warned the uk will fall into recession as it raised interest rates by the most in 27 years.