Recession 2024 Uk. 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. Growth was 0.6 percent q/q in 2024q1,.
That’s the fastest growth in two years and more than analysts were expecting. The combination of high inflation, falling real wages and a sharp rise in mortgage rates could belatedly push the uk economy into recession by the election.