Will The Uk Economy Grow In 2024. Uk gross domestic product (gdp) is estimated to have increased by 0.6% in quarter 2 (apr to june) 2024, following an increase of 0.7% in quarter 1 (jan to mar) 2024. The uk economy grew faster than previously estimated in the first quarter, helped by stronger household spending, according to official data that suggests the next prime minister could benefit.

The economy looks to have fared better than expected in first half of 2023, and is set to steer clear of a recession, according to the cbi’s latest economic forecast. Output fell 0.3 per cent month on month in october, suggesting the uk is at risk of a technical recession if there is a contraction.