Risk Of Recession May Reappear In 2024. The economy is slowing, as is necessary to tame inflation, but the risk of recession still looks low, particularly with unemployment at 3.9%. Get predictions about home affordability, inflation, recession potential, consumer confidence and more.
It predicted that uk gdp will increase by 0.4% in 2023, representing a marginal improvement on its previous forecast in may. In its monthly review, the finance ministry has said that recession risks may reappear in 2024.
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