2024 Recession Uk. — 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. — currently, the uk is struggling with high inflation and sluggish economic growth, but unemployment is currently low at 3.8%.
— the latest official figures suggest the uk’s economy stalled and then slipped into reverse over the summer, raising the risk that it edged into recession at the end of. — growth over the first quarter of 2024 was “stronger than expected, with services such as retail, public transport, haulage and health being the biggest driver of growth, according to the ons