Experts estimate that the United Kingdom will escape recession next year and strengthen the positive trend in the second half of 2024, benefiting from a decline in inflation.
Economists are optimistic about the evolution of the British economy to 2024, the report says. morning call From the BA&N Research Unit.
Experts estimate that the United Kingdom will escape recession next year and strengthen the positive trend in the second half of 2024, benefiting from a drop in inflation.
According to a Bloomberg survey of 52 economists, “GDP will grow by 0.3% next year, with the Bank of England achieving its objective of a gentle slowdown in the economy”.
“If this benign scenario prevails, it will be an asset for Prime Minister Rishi Sunak, who faces elections in early 2025,” economists assert.
Also, there are perspectives think-tank British Center for Economics and Business Research (CEBR) The British economy will catch up with the German economy, increasing its advantage over France, and should deliver the best performance among major European economies over the next 15 years.
It is worth noting that the United Kingdom's gross domestic product (GDP) fell by 0.1% in the third quarter between July and September, after registering no growth in the previous quarter. This means that the British economy has escaped recession in 2023, and it will be necessary to wait until next year to see the behavior of GDP in the last quarter of the year. If there is a new contraction in the quarter, the UK will enter recession in 2023.
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