Recession 2024 Uk. But the latest figures from the ons show the uk economy grew by 0.6% between january and march 2024, marking the end of the. The uk economy exited last year’s technical recession with faster than expected growth of 0.6 per cent for the first quarter of 2024, providing welcome economic news for rishi sunak ahead of.


Recession 2024 Uk

In july, there was a notable slowdown in hiring and a jump in the unemployment rate to its highest level since october 2021, but consumer spending has remained relatively robust. Like the uk, many countries have significantly revised their initial estimates of the sharp economic contraction covid brought and the scale of the subsequent recovery as some normality returned.

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