Are We Currently In A Recession 2024 News. The baseline forecast for global growth is for it to slow from 6.1 per cent last year, to. But the latest figures from the ons show the uk economy grew by 0.6% between january and march 2024, marking the end of the.
Some experts predict high interest rates will take a toll on the economy, making a recession likely sometime next year. Economy grew faster in the second quarter of 2024 than first reported, suggesting there was little sign of a slowdown through the first six months of the year.