Will We Go Into A Recession In 2024 Uk. While that would mean the uk avoids a recession by the skin of its teeth, it would take only a small further deterioration in the outlook for the uk to fall into a recession. Currently, the uk is struggling with high inflation and sluggish economic growth, but unemployment is currently low at 3.8%.

Many now indicate trouble for america. The office for national statistics (ons) revealed the recession the uk entered in the latter half of 2023 was slightly less severe than first thought, with the gdp falling by 0.3.