Uk Recession 2024 Predictions.  — the bank of england has warned the uk will fall into recession as it raised interest rates by the most in 27 years. That happened first after the supply shortages due to the covid pandemic and the invasion of.

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. Economy avoided the recession forecast for 2023.