Is A Recession Coming In 2024 Uk. One of the uk’s biggest recruiters has warned that the uk is heading towards recession, blaming the chancellor’s national insurance hike for a slump in the jobs market. Recovery in 2024 was a pleasant surprise.
The british chambers of commerce (bcc) quarterly economic forecast has slightly upgraded growth expectations for 2024 and 2025, as the recession lasts just two quarters, but strong growth will remain elusive. Whether 2023 officially ends in recession for the uk or not, there’s no doubt it was a mediocre year.
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