Uk Recession 2024 Predictions. July's jobs reportrocked the markets when it showed that unemployment rose from 4.1% in the previous month to 4.3%. In the short term, the bcc is now forecasting a recession for the uk economy with three consecutive quarters of contraction between q2 and q4 in 2022.
Experts now say a soft landing or mild recession is. Recession didn’t arrive this year, but it could in 2024.